‘Very concerned about Lava chief Rai’s arrest’
1 year, 5 months ago

‘Very concerned about Lava chief Rai’s arrest’

Live Mint  

New Delhi: The arrest of a top Lava International Ltd executive is concerning given the phonemaker’s position as a leading Indian brand in the growing smartphone industry, Union minister of state for information technology Rajeev Chandrasekhar said. The Enforcement Directorate on Wednesday arrested Hari Om Rai, co-founder, chairman and managing director of Lava, as well as three officials linked to China’s Vivo over money-laundering charges. As a brand, we hold Lava to be a very important participant in the smartphone ecosystem, and while I do not know all the facts of it, I hope this is rapidly looked into, and that the right thing is done by Lava and Rai,” Chandrasekhar said on the sidelines of an event. Chandrasekhar added that concerns around money-laundering also led to crackdowns on the online gaming sector, which saw the influx of “some bad actors”.

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