HC allows 14 entities to operate bank accounts in Vivo-ED case

MUMBAI: Fourteen entities, which the Enforcement Directorate (ED) claims are connected to Chinese smartphone maker Vivo, have been granted permission by the Delhi High Court on Monday to operate their frozen bank accounts.

The said permissions are subject to maintaining the balance which stood in the accounts as on the date of agency’s search in a money laundering probe, Justice Yashwant Varma said.

The entities have been asked to provide details about remittances made from the frozen bank accounts after every 48 hours.