ED Launches Series Of Raids Against Chinese Company Vivo And Its Subsidiaries | Latest News

Описание: A breaking update is coming in that the teams of Enforcement Directorate conducted raids on mobile manufacturer Vivo Communication Limited. The search has been conducted at more than 48 locations. Search has also been conducted against the 23 firms associated with the company. It is being said that the raids were conducted in more than 20 states across India. Vivo India got into trouble after ED launched a money laundering case against the company. Vivo has allegedly remitted around 60,000 crore rupees to China. ED is investigating the same. Let us inform you that the CBI is already looking into this matter. Along with the IT branch in India, the Ministry of Corporate Affairs is also closely monitoring Chinese manufacturing companies. The ED's raids are an extension of its ongoing inquiry into Chinese companies.
#edraids #vivomobile #breakingnews
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