India said to have blocked bank accounts of Chinese TikTok owner ByteDance

Mar 31, 2021 | INVESTING

Indian authorities have blocked at least two of ByteDance’s bank accounts for alleged tax evasion, prompting it to ask a court to quash the directive that it fears will hit its operations, two sources with direct knowledge told Reuters.ByteDance in January cut its Indian workforce after New Delhi decided to retain a ban on its popular video app TikTok, first prohibited last year following a border clash between India and China.China has repeatedly criticised India’s move and said it suspected…

Read More

Pin It on Pinterest