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India accuses China s Vivo of visa violations, siphoning off $13 billion

Chinese smartphone maker Vivo and its Indian affiliates are facing accusations from India s financial crime agency of employees concealing their employment when seeking visas and breaching rules by visiting sensitive areas of Jammu and Kashmir. The accusations come amid rising tension between India and China over business activities and border clashes in 2020. The agency claims that at least 30 Chinese individuals entered India on business visas and worked for Vivo without disclosing their employer.

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ED accuses China s Vivo of visa violations, siphoning off over Rs 1L cr

ED accuses China s Vivo of visa violations, siphoning off over Rs 1L cr
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vivo: Concerned about arrests, will exercise legal options: Vivo

"Vivo firmly adheres to its ethical principles and remains dedicated to legal compliance. The recent arrest deeply concerns us. We will exercise all available legal options," a company spokesperson said in a statement.

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DNA Explainer: What is Vivo PMLA case involving Rs 62,476 crore?

ED action comes almost more than a year after it carried out searches at 48 locations across the country belonging to vivo Mobiles India Private Limited. ED alleges Rs 62,476 crore was "illegally" transferred by Vivo to China in order to avoid payment of taxes in India.

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Concerned about arrests, will exercise legal options: Vivo, Telecom News, ET Telecom

"Vivo firmly adheres to its ethical principles and remains dedicated to legal compliance. The recent arrest deeply concerns us. We will exercise all available legal options," a company spokesperson said in a statement.

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