The crackdown on the leading Chinese company came after the federal probe agency found that three Chinese nationals, all of whom left India during 2018-21, and one other person from that country incorporated as many as 23 companies in India in which they were also helped by a Chartered Accountant,
A day after it was reported that two top executives of its associated company likely fled India, following raids, the ED on Thursday said that Chinese smartphone company Vivo was involved in huge hawala transctions.It said that out of the .
According to the ED, all due procedures as per law were followed during the said operations at each premises but employees of Vivo India, including some Chinese nationals did not cooperate with the search proceedings and had tried to abscond, remove and hide digital devices which were retrieved by the search teams. 📲 Vivo India Remitted Rs 62,476 Crore Abroad, Almost 50% to China, Says ED.