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Vivo PMLA case: ED arrests four including MD of Lava International after raids
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₹10 lakhs. According to the ED a whopping ₹62,476 crore was "illegally" transferred by Vivo to China in order to avoid payment of taxes in India.
A money laundering case was registered last year in February and the ED raided the company and linked people in July 2022. ED claims to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies.
Read more on livemint.comAbout this in other media
IRCON International and RITES soar up to 7.2% after receiving 'Navratna' status livemint.com /1 year ago
Vivo siphoned $13 bn abroad, ED tells court livemint.com /1 year ago
‘Very concerned about Lava chief Rai’s arrest’ livemint.com /1 year ago
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