Three executives from vivo-India arrested by Enforcement Directorate in money laundering investigation
According to official sources, three executives from vivo-India have been arrested by the Enforcement Directorate in relation to their investigation into money laundering involving the Chinese smartphone-maker and other individuals.
They said interim CEO of vivo India Hong Xuquan alias Terry, CFO Harinder Dahiya and consultant Hemant Munjal have been detained under provisions of the Prevention of Money Laundering Act (PMLA).
The federal agency had earlier arrested four people – mobile phone company Lava International MD Hari Om Rai, Chinese national Guangwen alias Andrew Kuang and chartered accountants Nitin Garg and Rajan Malik – in the case. They are currently under judicial protection.
The ED had filed a case against the four in a special PMLA court in Delhi. The court recently took cognizance of the indictment.
