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.