vivo india – pressnews

[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] One of Xiaomi Corp.’s top executives in India is leaving the smartphone maker just as it faces intensifying regulatory scrutiny and competitive pressure in the country. One of Xiaomi Corp.'s top executives in India is leaving the smartphone maker just as it faces intensifying regulatory scrutiny and competitive pressure in the country. Chief Business Officer Raghu Reddy, who helped the Chinese company to the top of India's smartphone and smart-television markets, resigned to “pursue different growth opportunities externally,” Xiaomi India said in an email on Wednesday. “It has been a privilege to have Raghu as an integral part of the Xiaomi India leadership team,” it said. Reddy, who is currently serving notice, didn't respond to a WhatsApp message seeking comment. Xiaom...

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

Top Xiaomi India Executive Resigns Just as Challenges Mount