ED arrests four persons in Vivo PMLA case

The Enforcement Directorate has arrested the MD of Lava International mobile company, a Chinese national, a Chartered Accountant and another person as part of its ongoing money-laundering probe against Chinese smartphone-maker Vivo, official sources said on Tuesday.The

four were taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA).

They are expected to be produced before a court here where the ED will seek their custody.

The agency had raided the company and its linked persons in July last year, claiming to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies.