Indian authorities have arrested several executives from Chinese smartphone maker Vivo, including the Chief Financial Officer, in connection with a $120 million money laundering case. The arrests come as part of an ongoing investigation into alleged visa violations and money laundering by the company. China has expressed concern over the arrests and is closely monitoring the situation. This development adds to the mounting troubles faced by Vivo in India, which has seen a series of legal issues and controversies surrounding the company in recent years.
[FREE READ] Earlier this week, the ED arrested four executives of Vivo. It is important to understand the build up to this. Last year, we wrote about why the Indian government is out for Xiaomi, Oppo and Vivo. This story is free to read for 24 hours. https://t.co/eNZqFYUycH
Vivo Accused of Visa Violations and Money Laundering in India #Vivo #India https://t.co/r7ZiyVUuEe https://t.co/PgJSxzHcOM
Tech Insider: We wrap the biggest stories in tech around China, including: -China draws up development blueprint for aerospace industry -Nio drives into the insurance business -India arrests four in Vivo money laundering probe https://t.co/8pJDaTEMYd
Indian authorities arrested four individuals linked to China’s Vivo Mobile Communications Co. Ltd. on alleged links to a money laundering investigation targeting the company https://t.co/2DlZOlCeBr
China paying close attention to Vivo exec arrest in India -ministry https://t.co/00alGM5TpI https://t.co/UhzfhAf4gQ
Filings: India's Enforcement Directorate arrests a Vivo executive, who is also a Chinese national, in relation to a 2022 case over alleged money laundering (Reuters) https://t.co/MJDriWCugR 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/BghFIPdl9d
India arrests Chinese employee of smartphone maker Vivo https://t.co/E2TjvzErgT
India arrests Vivo exec, three others in money laundering case https://t.co/zxaX3CUZ1t https://t.co/PLXy9VFhA7
India arrests employee of Chinese phonemaker vivo https://t.co/UPMCxis1ST
#FPTech: #India's #ED has arrested several high-ranking executives from #Vivo, including a #Chinese national, as well as #Lava International's founder on charges of #MoneyLaundering https://t.co/eE2KD5Yqwh
India Arrests Vivo’s CFO and Other Executives in $120 Million Money Laundering Case #India #China #Vivo https://t.co/b5ePv7IS4j https://t.co/0ByE3ahH3P
Vivo's India troubles mount as executives arrested https://t.co/sNeuqQUYx5 https://t.co/63Yh2c4oVt
India arrests Vivo execs including one Chinese in money laundering case https://t.co/2fOFbexVdf https://t.co/HTsYBX2usB