India arrests 4 Vivo executives, together with one Chinese language-sources

NEW DELHI, Oct 10 (Reuters) – India’s monetary crime company on Tuesday arrested 4 executives of Chinese language smartphone maker Vivo, together with one Chinese language nationwide, two sources with direct information of the matter instructed Reuters.

The arrests add to the authorized troubles of the Chinese language telephone maker, and comes amid rising tensions between Beijing and New Delhi over points starting from border disputes to India’s growing scrutiny of Chinese language companies and funding.

Vivo and the nation’s Enforcement Directorate (ED) didn’t instantly reply to requests for remark made by e mail and phone.

The executives have been arrested in relation to an ongoing 2022 case the place the ED raided the corporate’s places of work and accused it of cash laundering, first of the sources mentioned.

The corporate has repeatedly denied the allegations. It has beforehand mentioned it cooperated with authorities to supply them with all required info and was “dedicated to be totally compliant with legal guidelines.”

The primary supply mentioned Vivo executives have been summoned to the ED’s Delhi workplace for questioning, after which arrested. They may seem in courtroom afterward Tuesday, the particular person added.

In 2022, the ED blocked 119 financial institution accounts linked to Vivo’s India enterprise, however a courtroom later revoked the transfer.

Indian police have formally accused Vivo Cell and fellow Chinese language smartphone maker Xiaomi Corp of serving to switch funds illegally to a information portal underneath investigation on prices of spreading Chinese language propaganda, paperwork confirmed on Friday.

Our Requirements: The Thomson Reuters Belief Ideas.