money-laundering probe

[ad_1] The Enforcement Directorate has arrested three vivo-India executives in connection with its money laundering probe against the Chinese smartphone-maker and some others, official sources said on Saturday.Interim CEO of vivo-India Hong Xuquan alias Terry, Chief Financial Officer (CFO)Harinder Dahiya and consultant Hemant Munjal have been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA), they said. We are now on WhatsApp. Click to join. The federal agency had earlier arrested four people -- mobile company Lava International's MD Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik -- in the case. They are in judicial custody at present.The ED had filed a charge-sheet against these four...

[ad_1] The Enforcement Directorate has arrested the MD of Lava International mobile company, a Chinese national, a Chartered Accountant and another person as part of its ongoing money-laundering probe against Chinese smartphone-maker Vivo, official sources said on Tuesday. The four were taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA). They are expected to be produced before a court here where the ED will seek their custody. We are now on WhatsApp. Click to join The agency had raided the company and its linked persons in July last year, claiming to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies. The ED had then alleged that a whopping ₹62,476 crore was "illegally" transferred by Vivo to Chi...

Tag: money-laundering probe

Enforcement Directorate arrests three vivo-India executives in money laundering probe

ED arrests four persons in Vivo PMLA case