The Enforcement Directorate arrested three vivo-India executives last week as part of a money laundering probe against the Chinese smartphone maker and several other manufacturers.
China on Monday said it would provide protection and consular assistance to employees caught working for Chinese smartphone maker Vivo in India and expressed strong support for with Chinese companies in protecting their legitimate rights and interests.
The Enforcement Directorate arrested three vivo-India executives last week as part of a money laundering probe against the Chinese smartphone maker and several other manufacturers.
Asked to react to the arrest, Chinese Foreign Ministry spokesman Mao Ning told a news conference on Monday that China was closely monitoring the issue.
“The Chinese embassy and consulate in India will continue to provide consular protection and support to relevant people in accordance with the law,” she said. “The Chinese government resolutely supports Chinese enterprises in protecting their legitimate rights and interests. We hope that India will fully recognize the mutually beneficial nature of trade cooperation between the two countries and provide a fair, transparent and non-discriminatory business environment,” she said.
Vivo-India Acting CEO Hong Xuquan alias Terry – Chinese nationality – Chief Financial Officer (CFO) Harinder Dahiya and advisor Hemant Munjal were arrested under the provisions of the Prevention of Money Laundering Act ( PMLA).
Federal agencies have made four arrests in the case, including the chief executive of mobile phone company Lava International, Hari Om Rai, alias Andrew Kuang, a Chinese national, and the accountants charter Nitin Garg and Rajan Malik. They are currently in judicial custody.
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