ED Raids At Multiple Locations Of Chinese Vivo company in J&K, Ladakh | Money Laundering | Times Now

Описание: The Enforcement Directorate today raided simultaneously in several areas including offices and residences of Vivo J&K owners - five in Jammu and two in Kashmir and one in Ladakh in terms of the Prevention of Money Laundering Act (PMLA). The Enforcement Directorate filed a money laundering case after noticing the recent Delhi police FIR (Economic Offenses Unit) against a distributor at a center based in Jammu and Kashmir where a number of Chinese shareholders in the company allegedly made their IDs. Although there is no official statement on the raids and seizures carried out by the Enforcement Directorate during the raids that started this morning, sources said, there has been a credible installation of Chinese company to increase debt, create false debt, and improper installation. balance sheets and preparation for recurring debts among other cases to indulge in money laundering.

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