Chartered accountants under the lens as India ups Chinese scrutiny

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The Ministry of Corporate Affairs has started the process of inspecting books of accounts of more than 500 Chinese companies, a person with knowledge of the matter told Bloomberg recently. Apart from ZTE and Vivo, this includes Xiaomi, Oppo, Huawei Technologies, several Indian units of Alibaba Group such as Alibaba.com India E-commerce Pvt. Ltd., and Alibaba Cloud (India) LLP.

The Ministry of Corporate Affairs has started the process of inspecting books of accounts of more than 500 Chinese companies, a person with knowledge of the matter told Bloomberg recently. Apart from ZTE and Vivo, this includes Xiaomi, Oppo, Huawei Technologies, several Indian units of Alibaba Group such as Alibaba.com India E-commerce Pvt. Ltd., and Alibaba Cloud (India) LLP, the person said, asking not to be identified as the details are private.


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