ED Raids Mobile Company Vivo In Money Laundering Case

ED raids mobile company Vivo in money laundering case, China said it has faith in the law: Money Laundering Case. 

ED (Enforcement Directorate) is continuously raiding the Indian branches of Chinese mobile company Vivo. In such a situation, it is reported that ED has raided about 44 branches of Vivo.

At the same time, when asked about the spokesperson of the Chinese Foreign Ministry, Zhao said that we are keeping an eye on the whole matter.

Zhao said that China has always followed all the rules in the matter of foreign trade. In such a situation, China hopes that if there is a fair investigation, then the decision will come in favor of Vivo company.

Actually, India alleges that Vivo Mobile Company is involved in money laundering. In such a situation, on Tuesday, ED raided about 44 branches of Vivo.

In which ED raided other states including Delhi, Uttar Pradesh, Meghalaya, and Maharashtra. At the same time, the Chinese Embassy said that such activities in India hinder business operations.

Due to this, the morale of the entrepreneurs is low at the global level, which affects the entire market.

ED raids mobile company Vivo: The Chinese Embassy in India said that in 2021 itself, there was a historic bilateral trade of 100 billion dollars between India and China.

But the raids being conducted by India with Vivo are not justified. Regardless, we expect ED to do its job within the bounds of all rules and regulations and we will win.

The message of this action on Vivo is also for those who, being citizens of India, are indulging in anti-national activities by taking advantage of these companies.

It is being told that since the standoff on the Line of Actual Control (LAC), preparations are on to take action against China-backed companies.

At the same time, the ED said that there was an allegation against the distributor of this agency in Jammu and Kashmir that he had forged documents of several shareholders.

Sources said that Zhengshen Ou and Zhang Ji, directors of GPICPL, an associate firm with Vivo, fled India last year due to a possible ED raid.

But Vivo India’s spokesperson said that they are cooperating fully with the ED.