New Delhi: The Enforcement Directorate filed its first charge sheet in connection with its money-laundering investigation against the Chinese smartphone manufacturer Vivo and some others before a special court in Delhi on Wednesday. The company and others were booked under the Prevention of Money Laundering Act (PMLA)
The RD has named Vivo-India as an accused in this case. The persons arrested in this money laundering case
Include the MD of the Lava International mobile company Hari Om Rai, a Chinese national Guangwen alias Andrew Kuang, Chartered Accountants Nitin Garg and Rajan Malik.
As per the information provided by the ED before a local court, the alleged activities of the above four enabled Vivo-India to make wrongful gains that were detrimental to the economic sovereignty of India.
The ED raided Vivo-India and its linked persons in July 2022 and busted the major money-laundering racket involving Chinese nationals and some Indian companies.