Explained: Why has the ED raided Vivo, what was revealed?
2 years, 5 months ago

Explained: Why has the ED raided Vivo, what was revealed?

Firstpost  

The Enforcement Directorate has raided more than 40 places in a money-laundering case against Chinese smartphone company Vivo. It found that company ‘remitted’ almost 50 per cent of its turnover, which is Rs 62,476 crore, mainly to China in order to avoid paying taxes here The Enforcement Directorate raided more than 40 places across India on Tuesday and Wednesday in a money-laundering case against Chinese smartphone company Vivo and its 23 related firms. The ED on Thursday said the Indian arm of Chinese smartphone maker Vivo “remitted" almost 50 per cent of its turnover, which is Rs 62,476 crore, mainly to China in order to avoid paying taxes here. As per an NDTV report, the ED alleged that “employees of Vivo India, including some Chinese nationals, did not cooperate with the search proceedings and tried to abscond, remove and hide digital devices which were retrieved by the search teams.” Not the first time Chinese companies have been under the scanner In April this year, the ED seized deposits worth Rs 5,551 crore of Vivo’s rival Xiaomi India, another Chinese smartphone giant, for allegedly violating foreign exchange rules. Premises of a number of these Chinese smartphone companies including Xiaomi, Oppo and Vivo, their distributors and linked associates were raided across the country by the I-T department in December last year and it later claimed to have detected alleged unaccounted income worth over Rs 6,500 crore due to violation of the Indian tax law and regulations.

India Indian Companies Xiaomi Chinese Ted Vivo  revealed  company  smartphone  crore  ed  rs  raided  companies  india  chinese  alleged  vivo  explained

History of this topic

ED freezes shares worth Rs 131 crore in illegal betting app case after raids
Trending News
1 week, 3 days ago

ED freezes shares worth Rs 131 crore in illegal betting app case after raids

India Today  

The Enforcement Directorate conducted search operations in Kolkata in connection with a money laundering case linked to the illegal betting app Mahadev Online Book and froze shares and securities worth Rs. ED investigations have revealed that the Mahadev Online Book betting app operates as an umbrella syndicate facilitating online platforms for illegal betting. It enables websites to enroll new users, …

ED attaches assets worth 1.84 cr in illegal betting apps probe
1 month ago

ED attaches assets worth 1.84 cr in illegal betting apps probe

Hindustan Times  

MUMBAI: The Enforcement Directorate has provisionally attached movable assets worth ₹1.84 crore as part of its money laundering investigation into alleged illegal betting via mobile apps. ED’s probe in the case revealed that alleged dummy bank accounts in the name of fictitious entities had been opened for transferring funds obtained from two illegal betting apps, which were operated as ‘CBTF247’ …

ED conducts fresh searches in Mahadev app linked money laundering case
9 months, 3 weeks ago

ED conducts fresh searches in Mahadev app linked money laundering case

New Indian Express  

MUMBAI: The Enforcement Directorate on Wednesday conducted searches in Mumbai, some places in West Bengal and the Delhi-NCR as part of its money laundering investigation in the Mahadev online gaming and betting app that purportedly involves various high-ranking politicians and bureaucrats from Chhattisgarh. Official sources said about 15 premises in these locations are being covered by the investigators of the …

Delhi court releases Vivo employees accused of money laundering, dubs their arrest 'illegal and void'
11 months, 3 weeks ago

Delhi court releases Vivo employees accused of money laundering, dubs their arrest 'illegal and void'

Op India  

On Saturday, a Delhi court ordered the release of 3 employees of Chinese smartphone manufacturer Vivo, who were arrested by the Enforcement Directorate in connection to a money laundering case. As per reports, the three arrested individuals include Vivo India’s Chief Executive Officer Hong Xuquan, Chief Financial Officer Harinder Dahiya and consultant Hemant Munjal. #WATCH | Vivo money laundering case …

HC extends custody remand of Vivo India executives in money laundering case
11 months, 4 weeks ago

HC extends custody remand of Vivo India executives in money laundering case

Firstpost  

The accused, who were taken into custody by the Enforcement Directorate on December 22, 2023, were Hemant Munjal, a consultant for VIVO, Hong Xuquan, the interim CEO of VIVO India, and Harinder Dahiya, the company’s chief financial officer Three Vivo-India executives were sent in two more days of custody of the Enforcement Directorate on Tuesday, according to a Patiala House …

ED gets 3-day custody of top Vivo India execs
11 months, 4 weeks ago

ED gets 3-day custody of top Vivo India execs

Live Mint  

Vivo India’s interim chief executive officer Hong Xuquan, chief financial officer Harinder Dahiya and consultant Hemant Munjal were arrested by Enforcement Directorate on charges of money laundering and remanded to custody by a sessions judge in Patiala House Court for three days. The high-profile arrests follow the arrests of four industry executives in October, including Lava International managing director Hari …

Top news of the day: December 23, 2023
1 year ago

Top news of the day: December 23, 2023

The Hindu  

Drone strike hits ship off India: maritime agencies A drone strike damaged a merchant ship off the coast of India on December 23 but caused no casualties, two maritime agencies said, with one reporting the vessel was linked to Israel. Mobile Internet suspended in J&K’s Poonch, Rajouri amid massive anti-terrorist operation Mobile Internet services were suspended in Jammu and Kashmir’s …

ED Conducts Fresh Searches in Money Laundering Case Against Chandigarh-based Pharma Company
1 year ago

ED Conducts Fresh Searches in Money Laundering Case Against Chandigarh-based Pharma Company

News 18  

The Enforcement Directorate on Friday conducted fresh searches at about a dozen locations in Delhi-NCR and Punjab as part of a money laundering investigation against Chandigarh-based pharmaceutical company Parabolic Drugs and its promoters linked to an alleged bank fraud, official sources said. The central agency had earlier arrested Parabolic Drugs promoters Vineet Gupta and Pranav Gupta, who are also the …

ED files first charge sheet against Chinese smartphone maker vivo-India, among others
1 year ago

ED files first charge sheet against Chinese smartphone maker vivo-India, among others

The Hindu  

The prosecution complaint has been filed before a special court in New Delhi on December 6 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. It had raided vivo-India and its linked persons in July last year, claiming to have …

Vivo siphoned $13 bn abroad, ED tells court
1 year, 2 months ago

Vivo siphoned $13 bn abroad, ED tells court

Live Mint  

Many employees of Chinese smartphone maker Vivo and its Indian affiliates concealed their employment when seeking visas, and some breached rules by visiting the “sensitive" Himalayan region of Jammu and Kashmir, India’s financial crime agency has said. {{^adFree}} {{/adFree}} At least 30 Chinese individuals entered India on business visas and worked as Vivo employees, but their application forms “never disclosed" …

India accuses China’s Vivo of visa violations, siphoning off $13 bln
1 year, 2 months ago

India accuses China’s Vivo of visa violations, siphoning off $13 bln

The Hindu  

Many employees of Chinese smartphone maker Vivo and its Indian affiliates concealed their employment when seeking visas, and some breached rules by visiting the "sensitive" Himalayan region of Jammu and Kashmir, India's financial crime agency has said. At least 30 Chinese individuals entered India on business visas and worked as Vivo employees, but their application forms "never disclosed" that the …

India accuses China's Vivo of visa violations, siphoning off $13 billion
1 year, 2 months ago

India accuses China's Vivo of visa violations, siphoning off $13 billion

Firstpost  

The court statement comes as tension rises with Beijing over business activities after New Delhi tightened curbs on incoming investment and banned hundreds of Chinese apps following border clashes in 2020 that killed 20 Indian and four Chinese troops. Many employees of Chinese smartphone maker Vivo and its Indian affiliates concealed their employment when seeking visas, and some breached rules …

ED arrests Lava MD, three others in Vivo case
1 year, 2 months ago

ED arrests Lava MD, three others in Vivo case

Hindustan Times  

The Enforcement Directorate has arrested four persons, including the chairman and managing director of Lava International, a Chinese national and a chartered accountant, in connection with its money laundering probe against Chinese phone maker Vivo, agency officials said on Tuesday. “In order to avoid taking government approval, Vivo, China, devised a plan whereby they entered India under the garb of …

Vivo PMLA case: ED arrests four persons in money laundering probe
1 year, 2 months ago

Vivo PMLA case: ED arrests four persons in money laundering probe

Hindustan Times  

The Enforcement Directorate has arrested four persons, including a Chinese citizen, a managing director and two others in connection with its money laundering probe against Chinese mobile maker Vivo, agency officials said on Tuesday. Those arrested include - Guangwen Kyang alias Andrew Kuang, Hari Om Rai, a chartered accountant Nitin Garg and another private person Rajan Malik. At that time, …

Chinese national, Lava International MD among four arrested in Vivo mobiles money laundering case
1 year, 2 months ago

Chinese national, Lava International MD among four arrested in Vivo mobiles money laundering case

India TV News  

The Enforcement Directorate has arrested four people as part of its ongoing investigation against Chinese smartphone maker Vivo under the Prevention of Money Laundering Act. The four people who have been taken under custody include a Chinese official Guangwen Kyang aka Andrew Kuang, Managing Director of Lava International Hari Om Rai, a Chartered Accountant Nitin Garg, and Rajan Malik. In …

Mahadev betting case: ED seizes assets worth ₹417 crore in multiple raids
1 year, 3 months ago

Mahadev betting case: ED seizes assets worth ₹417 crore in multiple raids

Hindustan Times  

The Enforcement Directorate has frozen and seized assets worth Rs.417 crore in connection with the Mahadev APP online betting case, officials said on Friday. They allegedly used the online book betting application to enrol new users, create user IDs and launder money through a layered web of benami bank accounts, ED officials said. Last month, the ED also questioned people …

ED attaches ₹6.47cr assets of Chinese company in job fraud case
1 year, 3 months ago

ED attaches ₹6.47cr assets of Chinese company in job fraud case

The Hindu  

Officials of the Directorate of Enforcement have attached the movable assets worth ₹6.47 crore, including ₹71.3 lakh in the form of cryptocurrency in the China-linked part time job fraud case under the Prevention of Money Laundering Act. A release said the investigation revealed that gullible youth were cheated by certain Chinese persons through a mobile app, “Keepsharer,” through which they …

Freezing of bank accounts | Delhi High Court asks Vivo to approach PMLA appellate tribunal
1 year, 8 months ago

Freezing of bank accounts | Delhi High Court asks Vivo to approach PMLA appellate tribunal

The Hindu  

The Delhi High Court has asked Chinese smartphone maker Vivo to approach the Prevention of Money Laundering Act appellate tribunal in relation to the freezing of its bank accounts by the Enforcement Directorate in connection with a money laundering probe. It further clarified that until a decision, interim or final, is taken by the tribunal, the High Court’s earlier orders …

ED raids in over 8 spots linked to Nagpur bizmen in Rs-1,000 crore investment fraud case
1 year, 9 months ago

ED raids in over 8 spots linked to Nagpur bizmen in Rs-1,000 crore investment fraud case

India Today  

The Enforcement Directorate conducted a day-long raid on over eight locations linked to several businessmen and entry operators in Maharashtra’s Nagpur in connection with an alleged Rs-1,000 crore investment fraud case on Friday. According to sources, the case is related to an investment fraud-cum-money laundering racket run by Pankaj Mehadia and his accomplices where they duped investors of hundreds of …

ED searches 14 premises including BSE-listed company in Power Bank app fraud case
1 year, 9 months ago

ED searches 14 premises including BSE-listed company in Power Bank app fraud case

India Today  

The Enforcement Directorate conducted searches at 14 premises pertaining to Sagar Diamond Limited, a BSE listed company, RHC Global Exports Limited, their director Vaibhav Dipak Shah and their associates in Surat SEZ, Ahmedabad and Mumbai in the Power Bank App fraud case. During the search, cash worth 25 lakh, gold, diamonds and other valuables amounting to Rs 10 crore, digital …

Liquor scam: ED able to retrieve data from only 17 mobiles of accused
2 years ago

Liquor scam: ED able to retrieve data from only 17 mobiles of accused

Deccan Chronicle  

Hyderabad: Enforcement Directorate officials, who found that the suspects in the Delhi liquor scam case were destroying their mobile phones and laptops, have sent the seized mobile phones to experts for gathering data. Of the 170 mobile phones that were seized, ED officials were able to retrieve data from 17 phones. When suspects destroyed their data from their mobiles, the …

Part-time job fraud: ED searches 12 entities in Bengaluru, seizes ₹5.85 crore
2 years, 2 months ago

Part-time job fraud: ED searches 12 entities in Bengaluru, seizes ₹5.85 crore

The Hindu  

The Directorate of Enforcement conducted search operations on 12 entities in Bengaluru allegedly involved in a part-time job fraud case and seized ₹5.85 crore under section 17 of the Prevention of Money Laundering Act, 2002. The ED initiated money-laundering investigation on the basis of an FIR registered in South CEN police station, Bengaluru, in the matter related to part-time job …

Money laundering case: ED conducts raid, freezes Rs 9.82 crore of 9 Chinese controlled firms
2 years, 2 months ago

Money laundering case: ED conducts raid, freezes Rs 9.82 crore of 9 Chinese controlled firms

India TV News  

Highlights ED carried out searches & frozen account balances of Rs 9.82 cr of 9 Chinese-controlled entities It's with respect to an investigation relating to the misuse of App-based token named "HPZ" ED initiated money laundering probe on basis of First Information Report dated Oct 8, 2021 Money laundering case: The Enforcement Directorate has carried out searches and frozen account …

ED seizes ₹46.67 crore in money laundering probe into HPZ Token app case
2 years, 3 months ago

ED seizes ₹46.67 crore in money laundering probe into HPZ Token app case

The Hindu  

The Enforcement Directorate has seized ₹46.67 crore lying in various bank and virtual accounts in connection with a money laundering probe involving the HPZ Token app that allegedly promised its users large gains against investments in mining machines for bitcoin and other cryptocurrencies. “Shigoo Technology Private Limited was also found linked to various Chinese-controlled companies.several other companies were receiving funds …

ED raid in Kolkata: Main accused in gaming app fraud case untraceable – India TV
2 years, 3 months ago

ED raid in Kolkata: Main accused in gaming app fraud case untraceable – India TV

India TV News  

ED raid in Kolkata: The Kolkata businessman, who was named accused during the Rs 17-crore cash recovery by Enforcement Directorate on Saturday, has been untraceable. The ED said in a statement that its searches were conducted at half-a-dozen locations linked to the gaming app named 'E-Nuggets' and its promoter Aamir Khan and others. In August, the ED had seized cash …

Kolkata: ED recovers Rs 18 crore from Aamir Khan involved in E-Nuggets gaming app fraud
2 years, 3 months ago

Kolkata: ED recovers Rs 18 crore from Aamir Khan involved in E-Nuggets gaming app fraud

Op India  

Six sites in Kolkata were searched by the Enforcement Directorate, which is looking into a purported case of fraud using a mobile gaming application. On Saturday, 10th September 2022, an ED team raided the offices of businessman Aamir Khan in Kolkata’s Garden Reach area with the help of bank authorities. Over 50 crores cash recovered and being counted by ED …

Kolkata: ED raids six places, seizes over Rs 17.3 crore cash in mobile app fraud case
2 years, 3 months ago

Kolkata: ED raids six places, seizes over Rs 17.3 crore cash in mobile app fraud case

India TV News  

ED raids in Kolkata: The Enforcement Directorate on Saturday raided six places in Kolkata and recovered over Rs 17 crore and 32 lakh in cash. The case was recorded on the basis of an FIR filed on February 15, 2021, under sections 420, 406, 409, 468, 469, 471, 34 of IPC by Park Street Police Station. The complaint was filed …

ED raids Chinese loan app firms and payment gateway firms in Bengaluru, freezes accounts worth ₹17 crore
2 years, 3 months ago

ED raids Chinese loan app firms and payment gateway firms in Bengaluru, freezes accounts worth ₹17 crore

The Hindu  

The Directorate of Enforcement conducted raids on six loan app firms owned by Chinese nationals across the city and freezed accounts with ₹17 crores. The premises of Razorpay Pvt Ltd, Cashfree Payments, Paytm Payment Services Ltd and entities controlled and operated by Chinese persons were covered in the search operation. During the search operation, it was noticed that the entities …

Chinese smartphone players in trouble again: Cannot sell these smartphones in India
2 years, 4 months ago

Chinese smartphone players in trouble again: Cannot sell these smartphones in India

India TV News  

Chinese smartphone players are again going to face a tough time in the country as the Indian government is reportedly planning to put curbs on China-based smartphone players from selling low-end smartphones to give a much-needed boost to homegrown brands like Micromax, Lava, Karbonn and others. According to a Bloomberg report citing sources that came out on Monday, the country …

Vivo India accused of tax evasion to the tune of Rs 2,217 crore by the Directorate of Revenue Intelligence
2 years, 4 months ago

Vivo India accused of tax evasion to the tune of Rs 2,217 crore by the Directorate of Revenue Intelligence

Firstpost  

The Enforcement Directorate and the Directorate of Revenue Intelligence has found in its investigations that Vivo India evaded custom duty to the tune of Rs 2,217 crore. The Directorate of Revenue Intelligence has detected customs duty evasion of around Rs 2,217 crore by Chinese firm Vivo Mobile, according to an official statement they released on Wednesday. This improper declaration resulted …

Vivo gets notice in ₹2,217 cr customs duty evasion case
2 years, 4 months ago

Vivo gets notice in ₹2,217 cr customs duty evasion case

Live Mint  

The Directorate of Revenue Intelligence has issued a show cause notice to mobile phone maker Vivo Mobile India Pvt Ltd over customs duty evasion of ₹2,217 crore. In a statement on Wednesday, the finance ministry said that during an investigation DRI detected the customs duty evasion by mobile phone maker. “During the course of investigation, searches were conducted by DRI …

DRI detected customs evasion worth over ₹2.21 crore by Vivo India: Govt
2 years, 4 months ago

DRI detected customs evasion worth over ₹2.21 crore by Vivo India: Govt

Hindustan Times  

The Directorate of Revenue Intelligence has detected a customs duty evasion of around ₹2,217 crore from Vivo Mobile India Pvt. After the DRI's investigation was completed, a show cause notice was issued to Vivo India under provisions of the Customs Act, 1962. According to a statement by the Union finance ministry on Wednesday, “During the course of investigation, searches were …

Explained | Why is the ED looking into the operations of Chinese smartphone maker Vivo?
2 years, 5 months ago

Explained | Why is the ED looking into the operations of Chinese smartphone maker Vivo?

The Hindu  

The story so far: China on Wednesday, July 6 issued a strong statement against the Enforcement Directorate’s ongoing investigation into Chinese mobile company Vivo in India. The ED, after raiding 48 places across the country in a money-laundering investigation against Vivo and related firms this week, said on July 7 that the company remitted 50 per cent of its turnover …

Delhi High Court asks Enforcement Directorate to respond to Vivo's plea against freezing bank accounts
2 years, 5 months ago

Delhi High Court asks Enforcement Directorate to respond to Vivo's plea against freezing bank accounts

Firstpost  

The high court also allowed Vivo to operate its various bank accounts on furnishing of a bank guarantee of Rs 950 crore with the ED, which contended that presently the proceeds of crime has been quantified to Rs 1200 crore, within a week New Delhi: The Delhi High Court on Wednesday sought response of the Enforcement Directorate on a plea …

Delhi High Court asks Enforcement Directorate to respond to Vivo’s plea against freezing bank accounts
2 years, 5 months ago

Delhi High Court asks Enforcement Directorate to respond to Vivo’s plea against freezing bank accounts

India TV News  

Highlights Delhi HC sought response of ED on a plea by Chinese smartphone maker Vivo It seeks quashing of an order freezing its various bank accounts in connection with money laundering HC allowed Vivo to operate its various bank accounts on furnishing of a bank guarantee of Rs 950 cr The Delhi High Court on Wednesday sought response of the …

Delhi HC allows urgent listing of Vivo's plea challenging freezing of bank accounts by ED
2 years, 5 months ago

Delhi HC allows urgent listing of Vivo's plea challenging freezing of bank accounts by ED

The Hindu  

The plea was mentioned before a bench of Delhi High Court Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad which agreed to list it for Friday. The federal probe agency, on July 5, raided several places across the country in the money laundering investigation against Vivo and related firms. "Due to the amounts in the bank accounts being unavailable …

50% Vivo India transferred out of nation, says ED
2 years, 5 months ago

50% Vivo India transferred out of nation, says ED

Hindustan Times  

The Enforcement Directorate said on Thursday that the India branch of top Chinese mobile handset manufacturer Vivo transferred almost 50% of its total turnover out of India. The investigating body carried out raids at 48 locations across India in connection with “forged identification documents and falsified addresses” by several firms linked with Vivo India. The investigation is being carried out …

Vivo illegally transferred Rs 62476 crores to China to avoid taxes, says ED
2 years, 5 months ago

Vivo illegally transferred Rs 62476 crores to China to avoid taxes, says ED

Op India  

On Thursday, 7th July 2022, the Enforcement Directorate said that smartphone maker Vivo “illegally” sent Rs 62,476 crore to China in order to avoid paying taxes on that money in India. Rs 62,476 crore has been “illegally” transferred by smartphone maker Vivo to China in order to avoid payment of taxes in India, the Enforcement Directorate said #Vivo #EnforcementDirectorate https://t.co/bBiqWicOEc …

Almost 50% of Vivo India’s turnover transferred out of India, reveals ED
2 years, 5 months ago

Almost 50% of Vivo India’s turnover transferred out of India, reveals ED

Hindustan Times  

The Enforcement Directorate on Thursday revealed the India branch of top Chinese mobile manufacturer Vivo, had transferred almost 50% of its total turnover out of India. “Out of the total sale proceeds of ₹1,25,185 crore, Vivo India remitted ₹62,476 crore i.e., almost 50% of the turnover out of India, mainly to China. The investigating body carried out raids at 48 …

ED blocks 119 accounts linked to Vivo, seizes gold bars after raids: Report
2 years, 5 months ago

ED blocks 119 accounts linked to Vivo, seizes gold bars after raids: Report

Hindustan Times  

The Enforcement Directorate, as part of an investigation into alleged money laundering by the Chinese smartphone maker, reported news agency Reuters. The ED said it raided 48 locations of Vivo and its 23 related entities this week, alleging that sale proceeds of Vivo India were transferred out of India to show losses and avoid paying taxes. The ED on Thursday …

Vivo remitted almost 50% of turnover to China to avoid getting taxed in India, says ED
2 years, 5 months ago

Vivo remitted almost 50% of turnover to China to avoid getting taxed in India, says ED

The Hindu  

The Enforcement Directorate on Thursday alleged thatVivo India remitted almost 50% of the sale proceeds overseas, mainly to China, to disclose huge losses in several domestically incorporated companies to avoid payment of taxes in India. The ED statement came two days after it conducted searches at 48 locations across the country, including the premises linked to Vivo India and its …

ED Raids Vivo: China Calls for a ‘Truly Fair’ Probe in Money Laundering Case
2 years, 5 months ago

ED Raids Vivo: China Calls for a ‘Truly Fair’ Probe in Money Laundering Case

The Quint  

The Enforcement Directorate raided at least 44 places across India on Tuesday in a money-laundering investigation against Chinese smartphone manufacturer Vivo and related firms. The searches were carried out under sections of the Prevention of Money Laundering Act at locations in several states including Delhi, Uttar Pradesh, Meghalaya and Maharashtra. The action is being seen as part of the Union …

Raids on Vivo | China hopes for a 'truly fair' probe in accordance with law
2 years, 5 months ago

Raids on Vivo | China hopes for a 'truly fair' probe in accordance with law

The Hindu  

China on Wednesday expressed hope that India will conduct the ongoing investigations into the Chinese mobile manufacturer firm Vivo in accordance with the law and regulations and provide a " truly fair" and "non-discriminatory" business environment to China's firms. "As I have stressed many times, the Chinese government has always asked Chinese companies to abide by laws and regulations when …

ED Raids On Vivo: China Hopes For a 'Truly Fair' Probe In Accordance With Law
2 years, 5 months ago

ED Raids On Vivo: China Hopes For a 'Truly Fair' Probe In Accordance With Law

News 18  

China on Wednesday expressed hope that India will conduct the ongoing investigations into the Chinese mobile manufacturer firm Vivo in accordance with the law and regulations and provide a " truly fair" and "non-discriminatory" business environment to China's firms. "As I have stressed many times, the Chinese government has always asked Chinese companies to abide by laws and regulations when …

Vivo sent Rs 62,476-cr worth turnover to China to avoid getting taxed in India: ED
2 years, 5 months ago

Vivo sent Rs 62,476-cr worth turnover to China to avoid getting taxed in India: ED

India TV News  

Highlights Rs 62,476 crore has been "illegally" transferred by smartphone maker Vivo to China This money is almost half of Vivo's turnover of Rs 1,25,185 crore The crackdown came after ED found three Chinese nationals who were part of company "left" India ED raids Vivo: A whopping Rs 62,476 crore has been "illegally" transferred by smartphone maker Vivo to China …

Chinese directors Zhengshen Ou, Zhang Jie of firm associated with Vivo fled India last year: ED
2 years, 5 months ago

Chinese directors Zhengshen Ou, Zhang Jie of firm associated with Vivo fled India last year: ED

India TV News  

Highlights Chinese directors Zhengshen Ou and Zhang Jie of a firm GPICPL fled India last year, said ED Official corrected report which mentioned that Zhengshen Ou and Zhang Jie were directors of Vivo The case is already being investigated by the Central Bureau of Investigation Vivo news : Chinese directors Zhengshen Ou and Zhang Jie of a firm GPICPL, in …

India should probe Vivo according to law, not discriminate: China
2 years, 5 months ago

India should probe Vivo according to law, not discriminate: China

Hindustan Times  

China on Wednesday said it hopes India would conduct investigations into the Chinese smartphone company Vivo according to law and provide a “fair” and “non-discriminatory” business environment for Chinese firms. China is closely following developments related to the raids on the offices of Vivo in India, Chinese foreign ministry spokesperson, Zhao Lijian, said on Wednesday when asked about the case. …

Indian financial crime agency raids Chinese-owned Vivo
2 years, 5 months ago

Indian financial crime agency raids Chinese-owned Vivo

The Hindu  

India's financial crime-fighting agency on Tuesday raided the offices of smartphone maker Vivo, owned by China's BBK Electronics, and its related entities, a senior government official and an industry executive told Reuters. The raids at Vivo come months after the Enforcement Directorate launched an investigation into Xiaomi Corp, one of India's leading smartphone sellers, for alleged illegal remittances abroad "in …

ED conducts raids against Chinese mobile company Vivo
2 years, 5 months ago

ED conducts raids against Chinese mobile company Vivo

Op India  

On Tuesday, July 5, The Enforcement Directorate conducted raids at as many as 44 locations across the country linked to the Chinese mobile company Vivo. ED conducts raids at 44 places in money laundering probe against Chinese mobile manufacturing company Vivo & related firms:Officials — Press Trust of India July 5, 2022 Among the states where searches are in progress …

Discover Related