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Live Coverage Follow Reuters Facebook Twitter RSS YouTube Read Tanker hits San Francisco Bay Bridge: Coast Guard 07 Jan 2013 Exclusive: Disney looks for cost savings, ponders layoffs - sources 07 Jan 2013 David Bowie breaks long silence with new music release 8:31am EST Israel muted over Obama's Pentagon pick 8:10am EST The Kraken wakes: first images of giant squid filmed in deep ocean 5:09am EST Discussed 121 Gun purchasers set new record in December: FBI 110 House Republicans weigh last-ditch challenge to fiscal deal 89 Obama says U.S. can’t afford more showdowns over debt, deficits Nokia raided by tax officials in Chennai, India Tweet Share this Email Print Related News Death of India rape victim stirs anger, promises of action Sat, Dec 29 2012 Analysis & Opinion Essential reading: More tax revenue to IRS before cliff, and more Essential reading: Inquiry into tech giants’ tax strategies nears end, and more Related Topics Tech » CHENNAI/HELSINKI | Tue Jan 8, 2013 7:04am EST CHENNAI/HELSINKI (Reuters) - Finnish phone maker Nokia's said Indian tax officials raided its production unit in the southern city of Chennai on Tuesday. A company spokesman said it was cooperating with the probe, although he could not elaborate on what local authorities were looking for. The Chennai plant is one of Nokia's biggest facilities. A senior Indian tax official said the investigation related to allegations that the company may have evaded around 30 billion rupees ($543 million) in taxes. "We are suspecting a default in TDS (tax deducted at source) on payments to other countries against software supplies," said the Indian tax official, who declined to be named. Nokia shares fell 2.3 percent to 3.20 euros by 1142 GMT. India's finance minister, P. Chidambaram, has vowed to clamp down on tax evasion to help the country plug a widening fiscal deficit. In November, a junior finance minister said India was investigating the local unit of chocolate maker Cadbury over taxes. 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