Key Points
NEW DELHI: The Enforcement Directorate (ED) has alleged that an elaborate and wellknit network pan India structure of companies was set up by Vivo India at the behest of Vivo China with the aid of forged documentation to cheat government authorities...
The federal agency, which earlier this week arrested three executives of Vivo India and Managing Director of Lava International, has alleged that besides Vivo India, a total of 19 companies were set up after the inception of Vivo India (in 2014) which were ultimately controlled by Ms/ Vivo Mobile Communication Co China...
The agency has alleged that these companies were set up as part of a criminal conspiracy to utilise Indian companies as a front to get foothold in Indian territory in gross violation of the extant FDI norms from 2014-15 till 2017-18...
The ED has claimed that to give effect to their evil designs at least 30 Chinese individuals entered India using business visa with the intent to work as employees in Vivo companies..
The agency has alleged that the Directors of the said companies communicated inter alia through various Chinese applications viz We-Chat, Ding Talk, V-chat etc and despite these companies operating in India, their data was not maintained in India, rather it was maintained in the servers in China...
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