Last month, the Chinese firm’s Jammu & Kashmir distributor Grand Prospect International Communication came under the scanner of enforcement agencies over forgery concerns
Representational image. News18
New Delhi: The Enforcement Directorate is conducting raids at 44 places in a money laundering investigation against Chinese mobile manufacturing company Vivo and related firms.
Raids are underway in multiple states including Bihar, Jharkhand, Uttar Pradesh, Himachal Pradesh, Madhya Pradesh, Punjab and Haryana, News18 reported.
In June, the Chinese firm’s Jammu & Kashmir distributor Grand Prospect International Communication came under the scanner of enforcement agencies over forgery concerns. This came after the corporate affairs ministry found that at least two Chinese shareholders submitted forged documents and bogus Indian addresses, The Economic Times reported.
Last year, the Income Tax department carried out searches at Vivo’s offices over alleged tax invasion.
More details awaited
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