India wants TikTok parent ByteDance to deposit $11 million to get access to frozen bank accounts – media ...News

An Indian court has reportedly rejected ByteDance’s plea to unblock its bank accounts, frozen amid the probe of possible tax evasion, until the Chinese company deposits around $11 million to compensate for its financial dealings. A government counsel told a two-judge bench at the High Court in Mumbai city on Tuesday that the company behind popular video app TikTok owed the Indian authorities about 790 million rupees ($11 million), Reuters reported. The judges reportedly ruled that the sum must be kept in a state-run bank and the amount should be frozen.  Also on rt.com It ta

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