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Aviva India hit with $7.5 million fine for fake invoice scheme, shows order
The tax demand is significant for Aviva's India business, which recorded a profit after tax of only $10 million in the 2023-24 financial year
Aviva's India executives approve brokerage model queried by tax officials
Indian tax officials have asked Aviva why it should not be penalised for the scheme in the period 2017 to 2023, which a confidential company document shows began in 2013
India unit actively engaging with tax authorities: British insurer Aviva
Aviva's India business paid about $26 million to entities who purportedly provided marketing and training services, but they did not perform any work
Aviva India turns to PSBs on recapitalisation plan boost
To rescue lenders burdened with the record bad loans will boost their prospects
