The Enforcement Directorate (ED) has arrested four individuals today in a money laundering case related to the phone-maker vivo. Among them are the Managing Director of Lava International company and a Chinese national. Continue reading “ED arrests four persons in money laundering probe connected with vivo: Report”
The country’s financial watchdog, the Enforcement Directorate (ED) today said that it carried out searches at 48 locations of VIVO Mobiles India Private Limited and its 23 associated companies spanning across the country as part of its investigation into possible violations of the Prevention of Money Laundering Act (PMLA) by the Chinese smartphone maker and its partners. Continue reading “Vivo India transferred Rs. 62,476 crore to China: ED”
Offices of Chinese smartphone manufacturer BBK Electronics’ Vivo and also its connected firms were raided on Tuesday by India’s Enforcement Directorate (ED), according to reports, including the Reuters. Continue reading “ED raids vivo India amid money laundering probe: Report”
