New Delhi, December 24: The news that the Enforcement Directorate (ED-Enforcement Directorate) has arrested three high-level officials including the Interim CEO of Chinese smartphone company Vivo India has come in the media. According to a PTI news agency report, illegal money laundering or Money Laundering ED has taken this action on the allegation. Vivo India's interim CEO Hong Xuquan, Vivo CFO Harinder Dahiya and consultant Hemant Munjal are the three arrested by the Enforcement Directorate. He was arrested on Saturday and the court sent him to ED custody for three days.
Just two months ago, ED had arrested four executives of this industry. Chinese national Andrew Kuang, Lava International MD Hari Om Roy, chartered accountants Nitin Garg and Rajan Malik, who worked for Vivo India, were arrested. Against this backdrop, the news of the arrest of three top executives of Vivo India yesterday is remarkable.
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Vivo expressed shock at the arrest
Vivo has expressed shock and objection over the arrest of three of its top executives by the ED. It has stated that it is worried by this action of the authorities.
“Recent arrests are evidence that harassment continues. This creates an uncertain atmosphere. “We have decided to explore all legal avenues to address these allegations,” a Vivo spokesperson was quoted as saying by Reuters news agency.
In 2020, the business relationship between India and China has become sensitive after the incident of fierce attack by Chinese soldiers on the Indian border. Many Chinese apps have been banned by the government. It has an eagle eye on its smartphone companies. There are also allegations that Chinese smartphones may be stealing data of Indian users and sending it to their country to threaten India's sovereignty.
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Published On – 1:06 pm, Sun, 24 December 23
