Vivo money laundering case: Court orders release of two arrested employees
Vivo India Hong Xuquan alias Terry, a Chinese national, Chief Financial Officer (CFO) Harinder Dahiya and consultant Hemant Munjal were earlier arrested by Enforcement Directorate under the provisions of the Prevention of Money Laundering Act (PMLA).
The executives were arrested in connection with its money laundering probe against the Chinese smartphone maker and some others. The federal agency had earlier made four arrests in the case which included mobile company Lava International's MD Hari Om Rai, Chinese national Guangwen alias Andrew Kuang and chartered accountants Nitin Garg and Rajan Malik.
Chinese Foreign Ministry spokesperson Mao Ning told had earlier said that it is closely following the Vivo case.
«The Chinese embassy and consulates in India will continue to provide consular protection and assistance to the individuals concerned in accordance with the law,» the spokesperson said.
«The Chinese government firmly supports Chinese businesses in safeguarding their lawful rights and interests. We hope that India will fully recognise the mutually beneficial nature of the business cooperation between our two countries and provide a fair, just, transparent and non-discriminatory business environment,» she said.
A Delhi court on Friday had extended by one day the ED custody of three Vivo India executives The ED had sought further custody of the accused for four days but the court granted only one more day for their custodial interrogation.
