Tax inspectors accuse the British insurer of engaging in a clandestine scheme involving hundreds of individuals and illegal payments of $26 million that used fake invoices to enable commissions in excess of regulatory caps, Reuters has reported.
Aviva has said it is actively engaging with Indian authorities, but the accusations are the biggest challenge it faces in India where it has struggled to grow amid intense competition.
Esta historia es de la edición December 14, 2024 de Financial Express Ahmedabad.
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Esta historia es de la edición December 14, 2024 de Financial Express Ahmedabad.
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Poverty of ambition
Zero tariffs for US drugs cost little but Indian firms must look beyond branded generics, seek R&D-driven growth
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The company is powering mega-deals through partnerships
