Vivo

Delhi High Court has granted bail to Hari Om Rai, Managing Director of Lava International Ltd, in a money laundering case involving Vivo Mobile Communication Co. Ltd, China.

NEW DELHI:  The Enforcement Directorate (ED) has filed a chargesheet against Vivo India under the Prevention of Money Laundering Act, on Thursday. The ED had submitted an affidavit to the Delhi High Court, accusing Vivo India of engaging in money laundering activities that undermine the stability of India’s financial system and challenge its sovereignty. The […]

the Enforcement Directorate (ED) on Friday seized Rs 17 crore worth of funds kept in merchant IDs and bank accounts of Chinese persons-controlled entities.

NEW DELHI: The money laundering case against Vivo India Limited, the Chinese phone maker, is not a case of mere commission of an economic offence but has been carried out as an attempt to destabilise the financial system of the country and also threaten the integrity and sovereignty of the nation, the Enforcement Directorate has […]

NEW DELHI: Months after the Enforcement Directorate (ED) attached assets worth Rs 5,500 crore of Chinese mobile maker Xiaomi, the financial probe agency on Tuesday carried out searches at another Chinese mobile manufacturer Vivo and its sister concern companies. According to ED sources, the financial probe agency sleuths carried out searches at over 44 locations […]