Sources
Loading...
Additional media
Loading...

British insurer Aviva has been accused by an Indian tax agency of breaching local regulations by using a system of fake invoices and clandestine cash payments to circumvent rules capping commissions to sales agents. The agency alleges that Aviva conspired to dodge compensation and tax rules in India by employing vendors who generated fake invoices to pass on excess insurance commissions to its India agents. The findings were reported by Reuters, highlighting the company's attempts to avoid regulatory compliance in India. Aviva used vendors to facilitate these actions.