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Vivo India remitted over Rs70,000 crore accumulated through sale of goods since 2014: ED

Vivo Mobile India Private Limited since its inception in India in 2014 remitted funds to the tune of over Rs 70,000 crores out of the total funds accumulated by them through sale of goods, the Enforcement Directorate (ED) probe in the money laundering case has found.

DRI Says Vivo India Evaded Customs Duty Worth Rs 2,217 Crore

Searches have led to the recovery of incriminating evidence indicating wilful misdeclaration in the description of certain items imported by Vivo India for use in the manufacture of mobile phones, the finance ministry said.

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