India’s Enforcement Directorate (ED), India’s financial crimes agency, arrested four Vivo Mobile executives on Tuesday, including a Chinese national, two sources with direct knowledge of the matter told Reuters.
Here is a list of growing problems in Chinese businesses in India:
-Earlier this month, Indian police officially accused Vivo Mobile of helping to illegally transfer funds to NewsClick, a news portal under investigation for spreading Chinese propaganda. Vivo has not commented on the allegations. -In August 2022, India’s Directorate of Revenue Intelligence (DRI) issued an official notice to the phone maker, accusing it of evading taxes of 22.1 billion Indian rupees (280 million dollars). Vivo did not respond to a request for comment at the time. -In July 2022, India’s financial crimes agency said it had blocked 119 bank accounts linked to the India business of Vivo and its affiliates, holding 4.65 billion rupees (58.76 million dollars), as part of an investigation into alleged money laundering. by Vivo. the company is owned by the Chinese company BBK Electronics. The ban was later lifted. (Compiled by Blassy Boben)
