Raids on 44 locations of Chinese mobile companies, ED action lasted all day
Enforcement Directorate raids Vivo, related companies in money laundering probe. During this, 44 locations were searched across the country. New Delhi: The Enforcement Directorate on Tuesday conducted searches at 44 locations across the country in a money laundering probe against Chinese smartphone maker Vivo and related firms. Officials said the raids are being conducted under sections of the Prevention of Money Laundering Act (PMLA). Raid in many states including UP, Maharashtra He said the agency is conducting searches at 44 locations linked to Vivo and its related companies in Delhi, Uttar Pradesh, Meghalaya, Maharashtra and other states. In this regard, news agency PTI-Bhasha sent questions to Vivo, to which no response was received. The probe agency had recently registered a money laundering case after the Delhi Police (Economic Offenses Wing) filed an FIR against a distributor of the agency based in Jammu and Kashmir. Allegations against some Chinese sharehol...