ED Filed Charge Sheet Against Chinese Company Vivo; 4 People Were Arrested

ED Filed Charge Sheet Against Chinese Company Vivo; 4 People

 Were Arrested



Among those arrested is a Chinese national


The Enforcement Directorate (ED) has filed the first chargesheet against the India arm of major Chinese smartphone maker Vivo under the Prevention of Money Laundering Act (PMLA) in a special court in New Delhi. The ED had found that Vivo India illegally transferred Rs 62,476 crore to its parent company in China to evade taxes in India. In July last year, the ED raided the offices of Vivo in India and the offices of people related to the company.


A Chinese national was also arrested


ED has arrested 4 people including a Chinese national in connection with the case. Hari Om Rai, managing director of Lava International Mobile Company, Chinese national Guangwen (Andrew Kwong), chartered accountants Nitin Garg and Rajan Malik were arrested.

Lava's founder Hari Om Rai had argued in court that Lava and Chinese company Vivo had held talks a decade ago to launch a joint venture in India, but neither he nor the company had any dealings with Vivo after 2014. He had also said that neither he nor the company has any financial dealings with Vivo.
Location: India

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