News > Govt freezes bank accounts of China's ByteDance in tax case, company mounts challenge: Report

Govt freezes bank accounts of China's ByteDance in tax case, company mounts challenge: Report

30/03/2021 07:49 PM | Click to read full article

The government has blocked bank accounts of ByteDance in the country for alleged tax evasion.

The company has asked a court to quash the directive which it fears will hit its operations hard, two sources with direct knowledge told Reuters. ByteDance in January cut its India workforce after New Delhi decided to retain a ban on its popular video app TikTok.