Nokia (NOK) Offices in India Raided Over Looming Tax Bill

January 8, 2013 6:40 AM EST
Nokia's (NYSE: NOK) offices in India garnered some attention today, but not the kind of attention you want to have.

According to India Times, Nokia's offices in Chennai were raided by Income Tax officials. The officials said that Nokia has not paid taxes while in India.

Nokia is said to have skipped out on 3,000 crore (about $545 million) in taxes, according to the Times.

No word on whether production has stopped in India or not. Nothing official has been released by either Nokia or India on the raids.

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