Vivo-India and 4 of its officials cheated govt: ED chargesheet

2 months ago 41

NEW DELHI: The

Enforcement Directorate

filed a

chargesheet

on Thursday against Chinese smartphone maker

Vivo-India

and four

Vivo

officials in a money-laundering case.
The court of special judge Kiran Gupta has scheduled a hearing on December 13 to consider whether to take cognisance of the chargesheet.
The agency has accused Vivo-India of cheating the central government through a network it had set up in the country.

Four company officials - Lava International mobile company MD Hari Om Rai, Chinese national Guangwen, alias Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik - have been named as accused the chargesheet.
All the accused are currently in judicial custody.

The agency claimed these four officials enabled Vivo-India to make wrongful gains, undermining the economic sovereignty of India.
The agency had conducted raids at various premises of the company and people linked to it in July last year and had claimed it had busted a major laundering racket involving Chinese nationals and multiple Indian companies. The

ED

had alleged that Rs 62,476 crore was illegally transferred by Vivo-India to China to avoid paying taxes in India.

The agency filed a case on February 3 this year after studying a Delhi Police FIR of December last year against a company associated with Vivo-India - Grand Prospect International Communication Pvt Ltd (GPICPL) - its directors, shareholders and some other professionals.