Indian investigation finds Huawei evaded tax, government source says
An Indian tax investigation into Huawei Technologies in China has revealed that the telecom equipment maker manipulated books of accounts to reduce its taxable income in the country, an Indian government source said on Thursday.
Without naming the company, India’s finance ministry said on Thursday that a major telecommunications group failed to record revenue of 4 billion rupees ($52 million) on its books and posted expenses of 4. 8 billion rupees that the company had not justified.
A spokesperson for Huawei in India did not immediately respond to a request for comment.
Last month, Indian tax authorities raided Huawei’s offices in New Delhi, near Gurugram and the technology hub of Bengaluru. The government also conducted searches of the residences of its senior officials.
The government said further investigations were ongoing.
• Reuters with additional editing by Jim Pollard