Vivo money laundering case: ED arrests 3 more officials of Chinese phone maker
Enforcement Directorate has made three more arrests related to money laundering probe against Chinese smartphone-maker Vivo and some others, official sources said.
The three have been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA), the officials told PTI.
The identity of these three people was not known immediately.
Previously, the federal agency had made four arrests in the case.
This included the MD of mobile company Lava International, Hari Om Rai, along with Chinese national Guangwen, also known as Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik. Currently.
They are in judicial custody.
Earlier this month, ED had filed its first charge sheet against smartphone firm Vivo India and others under relevant provisions of PMLA. According to people in the know, the federal agency has alleged that Vivo siphoned off Rs 1 lakh crore from India between 2014 and 2021, with the aid of shell companies.
ET had reported in October that smartphone firm Vivo India had set up an «elaborate and well-knit» network of companies across the country using forged documents at the instruction of its Chinese parent, to «cheat» local government authorities.
As many as 19 companies were set up locally after the inception of Vivo India in 2014 and these were «ultimately controlled» by China's Vivo Mobile Communication Co, the agency had claimed.
