Enforcement Directorate Makes Fresh Arrests in Vivo Money Laundering Probe
The Enforcement Directorate has intensified its investigation into alleged money laundering involving Chinese smartphone giant Vivo, with three new arrests made under the Prevention of Money Laundering Act (PMLA). Official sources revealed the recent detentions, the identities of whom were not immediately disclosed. This development follows previous arrests, including Lava International’s MD Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik, who are presently in judicial custody.
The federal agency, in a significant move, had recently filed a charge sheet against these individuals before a special PMLA court in Delhi. Subsequently, the court acknowledged the charge sheet, marking a crucial step in the ongoing investigation. This latest development underlines the continued focus of authorities on unraveling the complexities surrounding allegations of financial impropriety and money laundering involving prominent figures within the mobile industry and associated professionals.
As the investigation progresses, attention remains heightened on the unfolding revelations and potential implications stemming from this high-profile case, further underscoring the growing scrutiny of financial irregularities and the stringent measures being taken to address such matters.
Pic Courtesy: google/ images are subject to copyright
