The ED claimed the alleged activities of the four accused enabled Vivo-India to make wrongful gains that were detrimental to the economic sovereignty of the country.
The Managing Director of Lava International, Hariom Rai, has recently filed a bail petition in trial court citing medical grounds. The plea also stated that the allegations made against him were false and absurd. He has no direct or indirect control over Vivo s business, nor has he derived any monetary benefit, nor has he engaged in any transaction with Vivo or any entity allegedly related to Vivo, let alone having been associated with any alleged proceeds of crime .
The Managing Director of Lava International, Hariom Rai, has recently filed a bail petition in trial court citing medical grounds. The plea also stated that the allegations made against him were false and absurd. He has no direct or indirect control over Vivo s business, nor has he derived any monetary benefit, nor has he engaged in any transaction with Vivo or any entity allegedly related to Vivo, let alone having been associated with any alleged proceeds of crime .
A Patiala House Court of Delhi extended the custody of Lava International MD and three others by 14 days in a money laundering case involving Chinese phone-maker Vivo. Denying allegations, Vivo vowed legal action, while the accused, including Lava International MD Hari Om Rai, face continued custody over the ongoing investigation.