ED raids 44 premises of Vivo, other related firms
New Delhi, July 5
The Enforcement Directorate (ED) on Tuesday conducted searches at 44 places across the country in a case under the Prevention of Money Laundering Act (PMLA) against Chinese mobile phone manufacturing firm Vivo and its related companies, officials said.
The officials confirmed that the searches were carried out in several states, including Delhi, UP, Meghalaya, Maharashtra, and others. It covered 44 premises related to Vivo and associated firms, they said.
“Vivo is cooperating with the authorities…we are committed to be fully compliant with laws,” a Vivo India spokesperson said. The federal agency registered a case under the PMLA after taking cognisance of a recent Delhi Police FIR against a distributor of the agency in J&K, where it was alleged that a few Chinese shareholders forged their identity documents.
