At least seven Chinese nationals associated with Vivo India have fled the country following investigations by the Enforcement Directorate (ED). The ED has accused Vivo China, Vivo India, and other entities of flouting foreign direct investment norms and visa conditions, as well as hiding beneficial ownership to create proceeds of crime worth over INR 20,000 crore ($2.6 billion). The charge sheet filed by the ED alleges that Vivo China used various methods to conceal its ownership of Vivo India and control its operations in the country. Vivo has denied all charges. | Latest News India
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.
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 .
Vivo India Remitted Over Rs 70,000 Cr Of Total Funds Accumulated Through Sale Of Goods Since 2014: ED menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.