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At least seven Chinese nationals associated with Vivo India have fled the country following investigations by the Enforcement Directorate (ED). The ED has accused Vivo China, Vivo India, and other entities of flouting foreign direct investment norms and visa conditions, as well as hiding beneficial ownership to create proceeds of crime worth over INR 20,000 crore ($2.6 billion). The charge sheet filed by the ED alleges that Vivo China used various methods to conceal its ownership of Vivo India and control its operations in the country. Vivo has denied all charges. | Latest News India

Lava International MD Hari Om Rai, who was arrested by the ED in a money laundering case on Tuesday, was approached by China's Vivo for helping them in establishing their business in India and, through his statutory auditor Rajan Malik, ...

Justice Yashwant Varma also directed the companies to provide the complete details in this regard to the ED in every 48 hours.

'Will verify that balances are maintained as they stood on the date of search'

The Delhi High Court on Monday permitted 14 entities of Chinese smartphone maker Vivo to operate their frozen bank accounts on a condition of maintaining bank accounts' balances, which were shown during the Enforcement Directorate (ED) search ...