In a surprise move, income tax authorities paid unannounced visits to Chinese tech giant Lenovo’s Bengaluru office and Puducherry factory on Wednesday, prompting speculations and concerns. According to sources cited by Reuters, the authorities meticulously scrutinized Lenovo employees’ laptops and sought to establish communication with the company’s senior management both during and after the visit.
Lenovo, known for its extensive global operations, responded swiftly to the visit, emphasizing their commitment to complying with all relevant laws and regulations. A Lenovo spokesperson reassured the public, stating, “As responsible corporate citizens, we adhere strictly to all applicable laws, regulations, and reporting requirements in every jurisdiction in which we do business. We are cooperating with the authorities and will provide all possible support required.”
The unexpected visit has raised questions about the nature of the authorities’ inquiries and the potential implications for Lenovo, one of the prominent players in the global technology industry. As the situation unfolds, stakeholders, investors, and the public await further information regarding the outcome and any potential repercussions of this visit on Lenovo’s operations in India.