The order on Saturday upheld the stance of the executives that the detention of interim CEO Hong Xuquan, chief financial officer Harinder Dahiya and tax consultant Hemant Munjal was illegal, since they were given the grounds for arrest and presented in court 24 hours after their arrest, violating Section 19 of the Prevention of Money Laundering Act (PMLA).
A Delhi court extended the custody of three vivo-India executives in connection with a money laundering case against teh Chinese smartphone maker. The court granted one more day for their custodial interrogation, after the Enforcement Directorate (ED) had sought further custody for four days.
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.