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Indian authorities have blocked TikTok bank accounts, but ByteDance hopes to appeal the decision
ByteDance, the developer of TikTok, the popular short video viewing and posting service, says that blocking bank accounts in India is illegal and «akin to harassment.». Meanwhile, the country’s court is investigating a case of tax evasion by a Chinese company.
Image source: Hi-tech
TikTok app was blocked by Indian authorities last year due to trade disputes with China. This was followed by a criminal case alleging that ByteDance India had evaded taxes. As a result, the company had several bank accounts blocked, but lawyers are trying to appeal against such an action.
Due to the freeze of bank accounts, about 1335 employees of the division did not receive their salaries in March, including personnel involved in remote work. Lawyers told the Supreme Court of India that the blocking of bank savings by the authorities was carried out without any substantive evidence. Also, no preliminary notifications about these plans have been received from government agencies. In turn, banks HSBC and Citibank in Mumbai are required to obey government decrees.
As a ByteDance spokesperson notes, such an action during the investigation is tantamount to undue coercion and is aimed at intimidation. How the story will develop further is anyone’s guess.