ED raids Chinese phonemaker Vivo; probes 44 places in money laundering case

The Enforcement Directorate (ED) raided at least 44 places across the country on Tuesday in a money-laundering investigation against Chinese smartphone manufacturer Vivo and related firms, officials said.

The searches were carried out under sections of the Prevention of Money Laundering Act (PMLA) at locations in several states including Delhi, Uttar Pradesh, Meghalaya and Maharashtra.

A Vivo India spokesperson said they are cooperating with authorities.

“Vivo is cooperating with the authorities to provide them with all required information. As a responsible corporate, we are committed to be fully compliant with laws,” the spokesperson said.