ED arrests four Vivo executives in money laundering case

The Enforcement Directorate has arrested four executives of Chinese smartphone maker Vivo, including one Chinese national, a report said on Tuesday (October 10). They have been arrested in relation to a case where the country’s financial crime agency raided the company’s offices and accused it of money laundering.

Citing two sources with direct knowledge of the matter, news agency Reuters reported that the Vivo executives were summoned to the ED’s Delhi office for questioning and then arrested.

The development comes at a time when there are rising tensions between Beijing and New Delhi over various issues, including border disputes as well as India’s scrutiny of Chinese businesses and investment.