News Snapshot:
Li Xiongwei, the CEO of Huawei Telecommunications India, claimed that he is a “Chinese national and not a terrorist” in a court filing in Delhi disputing an application made by the Income Tax department. According to a report in The Economic Times, the Income Tax department filed a case in July of this year against three other high-ranking Huawei Telecommunications (India) executives, including CEO Li Xiongwei, alleging that the company is withholding crucial tax-related information in some of the ongoing cases. Sandeep Bhatia, the deputy CFO, Amit Duggal, the tax chief, and Long Cheng, the person in charge of transfer...
