ED arrests four persons in money laundering case against Chinese phone-maker Vivo dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
Lava: The agency had raided Vivo and its linked persons in July last year, claiming to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies. The ED had then alleged that a whopping Rs 62,476 crore was "illegally" transferred by Vivo to China in order to avoid payment of taxes in India.
Vivo India approached the Delhi High Court to challenge the freezing of the company`s bank account by the Enforcement Directorate (ED) in connection with a money laundering case.
Get latest articles and stories on India at LatestLY. Vivo India on Friday approached the Delhi High Court to challenge the freezing of the company s bank account by the Enforcement Directorate (ED) in connection with a money laundering case. India News | Vivo India Challenges Freezing of Bank Account by ED in Delhi High Court.