Chinese smartphone makers are going to face a tough time again as it seeks to restrict Chinese smartphone makers from selling devices cheaper than Rs 12,000 ($150) . Know more
If amounts in the Petitioner s bank accounts remain frozen, it would not be able to pay its statutory dues to the competent authorities under various enactments, leading to the Petitioner being in further violation of the law. The freezing will also prevent the payment of salaries to the thousands of employees of the Petitioner. ED Raids at Vivo: Decide Vivo India s Representation in Regards to Freezing of Their Accounts, Delhi High Court to ED.
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.
Shareholders forge identity documents in JK Bills inflated, wrong balance sheets filed Sanjeev Pargal/ Fayaz Bukhari JAMMU/srinagar, July 5: The Enforcement Directorate today conducted simultaneous raids at eight places including outlets and residences of Vivo company’s proprietors in J&K– five in Jammu and two in Kashmir besides one in Ladakh in connection with Prevention of Money Laundering Act (PMLA). A total of 44 places across the country were searched by the Enforcement Directorate in the money-laundering investigation against Chinese Smartphone […]