ED files charge sheet in vivo India case
Chinese smartphone maker and others under Prevention of Money Laundering Act; Vivo India remitted Rs62,476 cr or 50% of turnover out of India, mainly to China
image for illustrative purpose
New Delhi: The Enforcement Directorate (ED) has filed its first charge sheet in connection with its money laundering probe against Chinese smartphone maker vivo-India and some others, official sources said on Thursday. The prosecution complaint was filed before a special court here on Wednesday under the criminal sections of the Prevention of Money Laundering Act and vivo-India has been named an accused apart from those arrested in this case, the sources told PTI.
The federal probe agency arrested four people, including mobile company Lava International’s MD Hari Om Rai, in October as part of this investigation. The others who were taken into custody were Chinese national Guangwen alias Andrew Kuang and chartered accountants Nitin Garg and Rajan Malik. vivo-India did not respond to an email sent in this regard.
The ED had claimed in its remand papers before a local court here that the alleged activities of the four arrested accused enabled vivo-India to make wrongful gains that were detrimental to the economic sovereignty of India.
