38.6c New Delhi, India, Saturday, August 23, 2025
Top Stories Supreme Court
Political NEWS Legislative Corner Celebstreet International Videos
Subscribe Contact Us
close
Business

ED files charge sheet in probe against Chinese phone maker Vivo

By LAWSTREET NEWS NETWORK      07 December, 2023 04:09 PM      0 Comments
ED files charge sheet in probe against Chinese phone maker Vivo

The Enforcement Directorate filed its first charge sheet in connection with its money laundering probe against Chinese smartphone maker Vivo-India and some others, Economic Times reported while quoting official sources.

The prosecution complaint has been filed before a special court here on Wednesday under the criminal sections of the Prevention of Money Laundering Act and vivo-India has been named an accused apart from those arrested in this case, the sources told PTI.

Reportedly, the probe agency arrested four persons, including the MD of the Lava International mobile company Hari Om Rai, in this investigation. The others who were taken into custody were Chinese national Guangwen alias Andrew Kuang, Chartered Accountants Nitin Garg and Rajan Malik.

Notably, ED had raided vivo-India 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 probe has revealed that Vivo remitted over Rs 1 lakh crore outside India since its inception (2014) to some trading companies hired by it to create a layer so that the control of Vivo China over these Indian companies does not come to the notice of government authorities.

In October, a Vivo spokesperson stated that Vivo firmly adheres to its ethical principles and remains dedicated to legal compliance. The recent arrest deeply concerns us. We will exercise all available legal options.



Share this article:

About:

Explore Comprehensive Legal Reporting with LawStreet Journal: Your Go-To Source for Supreme Court an...Read more

Follow:
TwitterLinkedinInstagram


Leave a feedback about this
Related Posts
View All

Supreme Court Rejects Jharkhand CM Hemant Soren's Plea Against ED Summons in Alleged Illegal Mining Case Supreme Court Rejects Jharkhand CM Hemant Soren's Plea Against ED Summons in Alleged Illegal Mining Case

Supreme Court refuses to consider Jharkhand CM Hemant Soren's plea against ED summons in an alleged illegal mining case, directs him to approach the High Court. Soren claims political motives behind the summons.

Delhi Liquor Policy case: Supreme Court issues notice to Centre, ED on AAP leader Sanjay Singhs plea against arrest Delhi Liquor Policy case: Supreme Court issues notice to Centre, ED on AAP leader Sanjay Singhs plea against arrest

The Supreme Court on Monday sought a response from the Union government and the Enforcement Directorate (ED) on a plea filed by Aam Aadmi Party (AAP) leader and Member of Parliament (MP) Sanjay Singh against his arrest and remand in a money laundering case in the connection with the Delhi liquor policy case. Find out what transpired in Court, here.

SC rejects EDs interpretation of conspiracy as scheduled offence under PML [Read Judgment] SC rejects EDs interpretation of conspiracy as scheduled offence under PML [Read Judgment]

Explore the Supreme Court of India's decision on the ED's interpretation of Section 120B of the IPC in relation to PMLA, focusing on the court's reasoning against broadening the scope of scheduled offences, and its impact on money laundering laws and legal precedents.

ED files charge sheet in probe against Chinese phone maker Vivo ED files charge sheet in probe against Chinese phone maker Vivo

In the latest development in the Vivo money laundering case, ED files its first charge sheet against Chinese smartphone maker vivo-India, among others. The probe agency had alleged violations of FDI norms by Vivo from 2014 to 2018.

TRENDING NEWS

if-governor-does-not-declare-on-withholding-assent-for-time-immemorial-court-still-powerless-sc-poser-to-centre
Trending Judiciary
If Governor does not declare on withholding assent for time immemorial, court still powerless, SC poser to Centre

SC asks if Governor can withhold assent to Bills indefinitely, raising concern that legislature may be rendered defunct without judicial remedy.

22 August, 2025 12:41 PM
sc-widens-scope-of-suo-motu-hearing-on-stray-dogs-menace-suspends-previous-order-against-relocation
Trending Judiciary
SC widens scope of suo motu hearing on stray dogs menace; suspends previous order against relocation

SC expands stray dogs case to pan-India, suspends earlier relocation order; allows release after vaccination, bans unregulated feeding.

22 August, 2025 01:06 PM

TOP STORIES

sc-dismisses-plea-against-quashing-fir-in-case-of-suicide
Trending Judiciary
SC dismisses plea against quashing FIR in case of suicide of then MP Mohan Delkar

SC dismisses plea against quashing of FIR in ex-MP Mohan Delkar suicide case; Bombay HC’s 2022 order stands, no interference by Supreme Court.

18 August, 2025 12:21 PM
no-automatic-arrest-on-rejection-of-anticipatory-bail-supreme-court
Trending Judiciary
No Automatic Arrest on Rejection of Anticipatory Bail: Supreme Court [Read Order]

SC clarifies that rejection of anticipatory bail doesn’t mean automatic arrest; custody depends on investigation, conduct, and case facts.

18 August, 2025 12:27 PM
court-holds-surgeon-guilty-of-indulging-in-black-magic-during-hearing-sentenced-till-rising-of-court
Trending Judiciary
Court holds Surgeon guilty of indulging in black magic during hearing; sentenced till rising of court [Read Order]

Delhi court convicts surgeon for disrupting proceedings with ‘black magic’; sentenced till rising of court with ₹2,000 fine after apology.

18 August, 2025 12:40 PM
want-bravehearts-to-be-in-forces-sc-for-giving-insurance-cover-to-cadets-discharged-during-military-training
Trending Judiciary
'Want bravehearts to be in forces,' SC for giving insurance cover to cadets discharged during military training

SC seeks insurance cover, rehab and higher aid for cadets injured during military training, stressing need to support bravehearts joining armed forces.

18 August, 2025 04:00 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email