IT Raids on offices of Oppo and Xiaomi companies

Income tax officials on Wednesday raided the offices and units of Chinese phone makers in the country. Credible sources said that IT officials have been conducting inspections at the offices of Oppo and Xiaomi companies since Wednesday morning.

It is learned that the searches are being carried out in the offices of distributor partners of Oppo and Xiaomi companies in the country, senior employees working in these companies, directors, CFOs etc. Authorities are also reportedly inspecting phone manufacturing units and warehouses. Authorities said the companies were being investigated for allegedly violating tax regulations. Enforcement Directorate officials also recently raided the offices of these companies. A distributor of Oppo was also reportedly fined billions of rupees.