India’s monetary company arrested 4 vivo executives, together with a Chinese language nationwide, over alleged cash laundering. The case dates again to 2022 when India’s Enforcement Directorate raided vivo’s workplaces in seek for proof of cash laundering.
In a press release, vivo mentioned it is persevering with its cooperation with India’s authorities on the matter and insists that it maintains its moral ideas, however will nonetheless train all of its authorized choices.
Solely certainly one of all 4 arrested stays in custody, although, and that is the Chinese language citizen. The prosecutor requested 10 days of custody, however the decide granted solely 3 days.
vivo is not the one one accused of malpractice within the nation as Oppo is going through points as nicely. The investigations come amid rising Beijing-New Delhi tensions, which aren’t solely economically associated however contain a decades-old border dispute within the Himalayas that appears to be getting out of hand these days.
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