India attacked Chinese companies, CEOs and CFOs alike, and don't want to take away the wealth they have gainedAccording to reports by Global Network and others, India has recently launched another raid on Chinese companies, and the victim of this round is vivo India. A number of senior members of the company, including the CEO and CFO, have been arrested, and those involved in business and finance have been implicated, which will inevitably have a huge impact on the normal operation of the company.
Vivo India responded to this, expressing "shock" at the incident and saying it would respond to the allegations through legal means. It is worth noting that the company was also hit by India in October last year, when it also had employees**. In both cases, India's accusations were based on "money laundering". The Indian side accused vivo India of "transferring more than 62,000 rupees to China" and claimed to have exposed a "large-scale money laundering scheme" involving a number of Chinese and Indian companies, according to a report by India**.
Yes, familiar routines, common techniques, and familiar methods of "suppression" have reappeared. After all, as long as there is a reason for "money laundering", India can take action against companies at any time. In this process, Chinese companies have become the main targets, and India has adopted an attitude of "all-round crackdown" on Chinese companies, not only in the upstream and downstream of the companies involved, but also in other related enterprises.
* Stories about these events often refer to the background of the previous border dispute between China and India, and despite the fact that India has led the series of events, India has begun to impose a kind of "special treatment" on Chinese companies. According to people familiar with the matter, not only Vivo has been hit, but companies such as Xiaomi and OPPO have also suffered raids from India, which eventually led to account freezes and huge fines.
Xiaomi has also been censored in India before. Of course, don't think that other countries are immune to India's surveillance. India has always been omnipresent in the so-called "pig slaughter" operation, and international giants such as Apple, Microsoft, and Amazon have all been cheated by India. When it comes to bullying foreign companies, India is unique in the world, occupying the first position, and no other country dares to claim to be second.
In addition, India also requires that the profits earned by businesses in the country must continue to be invested in India. To describe it in a sentence from a netizen - "The money earned by India has to be spent in India, and you don't want to bring a penny back home". In this regard, even the "P5" nuclear powers like Russia and India's military partners have been cheated by India.
There was a meeting between Putin and Modi. Russia used to complain that it had billions of Indian rupees in its hands and did not know how to spend it. India has also come as a shock to Russia by proposing a rupee settlement mechanism that would require it to pay an additional rupee surplus equivalent to $40 billion a year.
Russia's complaints are not unfounded, and despite the high-profile nature of India's actions, their actual impact is not significant. The Indian rupee has received little attention internationally, and for Russia, holding the Indian rupee is like holding a piece of waste paper, which makes people scratch their heads. The problems brought about by India have caused Russia a headache.
In recent years, India has achieved considerable benefits by acquiring Russian military technology and reselling Russian **. However, India has always tried to fool Russia with the rupee, which has made Russia feel as if it had suffered an unpleasant experience. India has also insisted that Russia should reinvest in the Indian market, but the question is, what are the advantages of India to attract Russian investment?
To this end, Russia has opened negotiations with India to use the yuan as a settlement currency. However, India does not seem to be very willing, after all, India has been competing with China, and it is quite difficult to get India to recognize China as superior.
Therefore, it can be said that India's performance in this regard is not pleasant, especially when it comes to Chinese companies, India's actions are more vicious and cunning. Of course, this is also the result of India itself smashing its own signboard. Modi has declared that India will become the "third in the world" and even a developed country by 2047, however, given India's current situation, it is clear that he is overly optimistic.