Indian Court Lifts Ban on Vivo, Says OPPO Evaded Import Tax

(Source: vivo and OPPO)

According to Reuters on July 13, an Indian court lifted a freeze on smartphone maker vivo’s bank accounts imposed by the country’s financial crime agency and ordered the Chinese company to provide a bank guarantee of $119 million.

It comes after 119 bank accounts linked to vivo’s Indian operations and its affiliates, which hold 4.6…