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) is awaiting additional arrests in the Chinese firm Vivo India’s Prevention of Money Laundering Act (PMLA) case, on Tuesday. Presently, the ED has summoned more persons to join the cohort of interim Chief Executive Officer (CEO) Hong Xuquan, alias Terry, alongside consultant Hemant Munjal and Chief Financial Officer (CFO) […]
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: The Enforcement Directorate (ED)carried out searches at 48 locations across the country on the premises linked to Chinese phone maker Vivo and 23 other companies associated with it, including GPICPL, whose directors have fled India. The ED said that Vivo India remitted Rs 62,476 crores out of Rs 1,25,185 crores mainly to China, […]