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Chinese smartphone company VIVO involved in money laundering: ED claims in Delhi High Court

July 26, 2022
Source: palpalnewshub.com palpalnewshub.com
News Snapshot:
New Delhi: The Enforcement Directorate (ED) has claimed in the Delhi High Court that the attached bank accounts of Chinese smartphone company Vivo show that the company is involved in money laundering. The ED said that Vivo has carried out money laundering in an attempt to destabilize the country’s financial system. ED said – this is not just a case of money laundering. The agency argued in the court that the offense allegedly committed by the company was a case of ‘money laundering’……a heinous economic offense. This argument has been made on behalf of the ED in an affidavit filed...
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China Tech Buzz Topics: bank | Chinese | court | Delhi | Economy | finance | financial | fraud | India | New Delhi | search | smartphone | Vivo

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