After Xiaomi, Vivo is invaded by ED in money laundering investigation

The India Enforcement Directorate or ED had already carried out attacks on Oppo and Xiaomi. Now it is Vivo that is under ED’s scrutiny.

ED raided 44 locations in northern India of Vivo and its distributors under the Prevention of Money Laundering Act (PMLA). Economic Times reports (opens in new tab) that the company was under investigation by the CBI (Central Bureau of Investigation), which subsequently passed the case to the ED.

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