British insurer Aviva conspired to dodge India compensation & tax rules

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Business Standard Logo Business Standard 2d ago

British insurer Aviva conspired to dodge India compensation & tax rules - Business Standard

Quick Summary:

Insurance agents then approached vendors with the banknote photo to get their excess commissions in cash, investigators said.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.

Aina "did not perform any activity for Aviva as agent or agent mentor directly," investigators wrote.

But no such services were provided: instead, the agent mentors issued fake invoices to Aviva to facilitiate excess commissions to agents, according to the notice.