Vivo India directors Zhengshen Ou and Zhang Jie left the country as the Enforcement Directorate (ED) intensified its inquiry into the money laundering case against the Chinese firm.
The federal agency recently conducted searches at 40 locations in Uttar Pradesh, Madhya Pradesh and some southern states in connection with a case linked to Vivo Mobile Communications and some other Chinese firms, with respect to violations of the Prevention of Money Laundering Act (PMLA).
China expressed hope that India will lead the investigations into the smartphone maker according to law and regulations. China also hoped that India would provide a truly fair and non-discriminatory business environment for Chinese companies.
Meanwhile, Chinese Foreign Ministry spokesman Zhao Lijian said that the Chinese side is closely following the developments on this matter. Not only Vivo, Xiaomi, Huawei, Oppo, OnePlus and Alibaba are all being investigated on charges of tax evasion and money laundering by ED and other central agencies.
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