ED Files Chargesheet Against Vivo, 23 Others For Laundering Money

ED Files Chargesheet Against Vivo, 23 Others For Laundering Money

SUMMARY

The chargesheet was filed under the provisions of the PMLA and also names 23 other associate companies, including Lava International

This comes months after four individuals, including a Chinese national, were arrested for helping Vivo accumulate alleged wrongful profits

Vivo India is at the centre of an ED probe for allegedly illegally transferring over INR 60,000 Cr to its Chinese entity to avoid paying taxes in India

The Enforcement Directorate (ED) on Wednesday (December 7) reportedly filed a chargesheet against Chinese smartphone maker Vivo in connection with a money laundering case.

According to news agency PTI, the chargesheet was filed under the provisions of the Prevention of Money Laundering Act (PMLA) and also names 23 other associate companies, including Lava International.

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