Crime

Vivo-India Case: 3 More Arrested In Money-Laundering Probe Against Chinese Phone Maker

By
OB Bureau

New Delhi: There is no respite for Vivo-India as the Enforcement Directorate (ED) made three more arrests in the money-laundering probe against the Chinese smartphone maker.

The trio, whose identity hasn’t been revealed, has been taken into custody under provisions of Prevention of Money Laundering Act (PMLA), PTI reported citing sources.

The central agency had arrested four persons — mobile company Lava International’s MD Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, chartered accountants Nitin Garg and Lava statutory auditor Rajan Malik – in October under PMLA.

Earlier this month, ED filed a chargesheet against the quartet and named the Chinese smartphone maker as prime accused before a special PMLA court in Delhi.

ED has claimed that Vivo had siphoned off $13 billion by hiding profits for several months, and also said that many people affiliated with Vivo concealed their employment while seeking visas for India.

During court proceedings, ED said some employees of Vivo breached rules by visiting the “sensitive” Jammu & Kashmir region.

OB Bureau

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