Articles by Aditya Kalra and Nikunj Ohri

Aviva’s India Arm Hit With $7.5 Million Fine for Fake Invoice Scheme, Order Shows

Indian authorities have ordered British insurer Aviva’s local unit to pay $7.5 million in back taxes and penalties after an investigation found it created fake invoices to pay illegal commissions and claimed incorrect tax credits, an order shows. The tax …

Aviva’s India Officials Approved Brokerage Model Queried by Taxmen

An Aviva business model that Indian tax officials say was used to pay agents unlawful commissions from 2017 to 2023 was rolled out internally in 2013 and approved in writing by top India executives, a confidential company document shows. Tax …

Police Summon Aviva India CEO in Discrimination Case, Company Denies Allegations

Indian police have summoned Asit Rath, the chief executive of British insurer Aviva in the country, as part of an inquiry into a former employee’s accusations of religious discrimination at work, documents seen by Reuters showed. The investigation, in the …

Cloudflare Denies Hosting Sites Linked to Data Leak at India’s Star Health

U.S. software firm Cloudflare has denied any role in hosting two websites run by a hacker offering for sale stolen personal data and medical records of customers of top Indian insurer Star Health. The statement comes after the company was …

India Insurer Star Health Sues Telegram After Hacker Uses App’s Chatbots to Leak Data

Top Indian insurer Star Health has sued Telegram and a self-styled hacker after Reuters reported that the hacker was using chatbots on the messaging app to leak personal data and medical reports of policyholders. The lawsuit comes amid growing scrutiny …

Aviva Says India Unit ‘Engaging’ With Authorities Over Tax Investigation

British insurer Aviva said on Saturday its India unit is “actively engaging” with local authorities in connection with alleged tax evasion practices. Reuters reported on Friday that an Indian tax agency has found that Aviva India breached local regulations capping …

UK’s Aviva Conspired to Dodge India Compensation and Tax Rules, Agency Says

An Indian tax agency has found that British insurer Aviva breached local regulations capping commissions to sales agents with a system of fake invoices and clandestine cash payments, according to a notice seen by Reuters. In an attempt to grow …

India Regulator to Restart Review Process for IPO of Fairfax’s Digit Insurance: Sources

India’s markets regulator will restart a review of a $440 million initial public offering of Digit Insurance after the company resolved certain compliance issues that had led to the regulator putting the process on hold, two sources told Reuters on …

U.S. House Panel Refers Amazon to Justice Department Amid Competition Probe

Five members of the U.S. House Judiciary Committee have asked the U.S. Department Of Justice (DOJ) to investigate Amazon.com Inc for “potentially criminal conduct” by the company and some of its senior executives. In a letter to the Attorney General …

Indian Court Blocks Struggling Future Enterprises Sale of Stake in Insurer Generali

An Indian court has blocked Future Enterprises from selling its stake in its general insurance joint venture business with Italy’s Generali, following a legal challenge by a group representing bondholders, two sources familiar with the matter told Reuters. The court’s …