ED raids 44 locations of Chinese mobile maker VIVO in money laundering case
Published on Jul 05, 2022 07:13 pm IST
- The Enforcement Directorate (ED) conducted searches at 44 places across the country in a money laundering investigation against Chinese smartphone manufacturing company Vivo and related firms, officials said. The searches were carried out under sections of the Prevention of Money Laundering Act (PMLA) at locations in several states including in Delhi, Uttar Pradesh, Meghalaya, Maharashtra and others. The raids at Vivo come months after the Enforcement Directorate launched an investigation into Xiaomi Corp, one of India's leading smartphone sellers, for alleged illegal remittances abroad "in the guise of royalty" payments. Watch this video for more.
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