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India Probe Found Huawei Evaded Tax, Government Source Says

The Ministry of Finance said on Thursday a major telecom group did not account for income of 4 billion rupees ($52 million) on its books, and had costs of 4.8 billion rupees it failed to justify


An Indian Finance ministry official said a major telecoms group could not account for income of 4 billion rupees ($52 million) on its books. Tax officials searched Huawei's offices last month. File photo: Reuters.

 

An Indian tax investigation into China’s Huawei Technologies has found the telecoms equipment maker manipulated account books to reduce its taxable income in the country, an Indian government source alleged on Thursday.

Without naming the company, India’s Ministry of Finance said on Thursday a major telecoms group did not account for income of 4 billion rupees ($52 million) in its books, and showed expenses of 4.8 billion rupees that the firm failed to justify.

A Huawei spokesperson in India did not immediately respond to a request for comment.

Last month, India’s income tax authorities conducted searches at Huawei’s office premises in New Delhi, neighbouring Gurugram and tech hub Bengaluru. The government conducted raids at the residences of its senior executives as well.

The government said more investigations were in process.

 

• Reuters with additional editing by Jim Pollard

 

ALSO on AF:

Indian Tax Officials Search Offices Of China’s Huawei

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US and India tighten the screws on Huawei

 

 

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.