The ED conducted these searches with respect to violations of the Prevention of Money Laundering Act (PMLA).Sources said that local units of Vivo Mobile Communications are under the radar for alleged financial improprieties as part of the investigation into other China-based firms.
The crackdown on the leading Chinese company came after the federal probe agency found that three Chinese nationals, all of whom left India during 2018-21, and one other person from that country incorporated as many as 23 companies in India in which they were also helped by a Chartered Accountant,