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The federal agency, which earlier this week arrested three executives of Vivo India and Managing Director of Lava International, has alleged that besides Vivo India, a total of 19 companies were set up after the inception of Vivo India (in 2014) which were “ultimately controlled” by Ms/ Vivo Mobile Communication Co China.
The ED has claimed that to give effect to their “evil designs” at least “30 Chinese individuals entered India using business visa with the intent to work as employees in Vivo companies. Though they worked for Vivo companies in India, they never disclosed Vivo companies as their employer in their visa applications”.
The ED has claimed that to give effect to their “evil designs” at least “30 Chinese individuals entered India using business visa with the intent to work as employees in Vivo companies. Though they worked for Vivo companies in India, they never disclosed Vivo companies as their employer in their visa applications”.
On Tuesday, the ED revealed that Vivo remitted over ₹ 1 lakh crore out of India since its inception in 2014 | Latest News India
Thursday June 1, 2023 Trading Desk: (312) 236-8907 TODAY’S GAME PLAN: from the trading desk, this is not research DATA/HEADLINES 8:15ET ADP Employment Change; 8:30ET Nonfarm Productivity, Unit Labor Costs, Weekly Jobless Claims; 9:45ET S&P Global US Manufacturing PMI; 10:00ET Construction Spending, ISM Prices Paid, ISM Employment, ISM New Orders; 1:00ET Fed's Harker speaks US