Scam after Scan by Chinese Smartphone Companies in India ! Tax Evasions, Money Laundering, Illegal Money Transfers to their Parent companies in China. All with 119 Banks being involved and over 400 Chartered Accountants .
Started with Xiaomi US$ 5 Billion reported in May 2022 where their India Ceo was interrogated by Authorities and he flew off to Dubai immediately with his share of the profits to enjoy a good life.
Opp, Vivo, One Plus all belong to the same company. 7th July 2022 – Vivo scam over $ 8 billion – Rs. 62,476 crores and one more by Huawei of few US$ Billions. These Chinese smartphone companies have been doing all evasions in customs tariff, taxes, etc but can these companies do this without support from Banks, Chartered Accounting firms, etc. How can these funds be transferred without involvement of Banking officers – its impossible. These Chinese Companies claim to be manufacturing in India just to evade Customs tariff. Manufacturing by them is just a show. Its basically screwdriver technology which is being carried out which is very evident.
Initial players in the telecom sector which ruled the roost – Micromax, Karbonn have been forgotten. What about the Indian company who manufactured Smartphones, Tablets and other IT Components for them ? SIMMTRONICS SEMICONDUCTORS – a Delhi based manufacturer – which grew into a global Top 4 leadership position and was a threat to Chinese. But then a few Chinese companies and supported by the Indian Banking sector had their way and managed to stop the growth of pioneering Indian companies including “SIMMTRONICS” which ultimately led to collapse of all smartphones which were manufactured by the Indian company.
The “Make in India” program proved successful for the Chinese companies as they killed their Indian using unscrupulous tactics very well supported by Indian Banks.
The Chinese companies control 100% of the Indian Smartphone economy of India and are enriching their parent companies in China by over US$ 15 Billion in last 2 years.
This is a Wake-Up Call to India to understand what they did with the initial India manufacturers.
