Last week vivo has run into trouble with the Indian authorities, which seized $58 million in assets following a money laundering investigation. Now, Oppo is in the hot seat as local authorities are demanding $551 million (₹44 billion) for alleged duty evasion.
This was done in two ways. First, the company is accused of “intentionally misrepresenting” the imported tools and components it used to make the phones. Second, he did not include various license fees, fees sent abroad in the price of imported goods.
A local anti-smuggling agency found the evidence after searching Oppo’s offices in the country and questioning local branch executives. Oppo’s top management acknowledged the issue and made an upfront payment of ₹4.5 billion. Reuters.