Key Points
A Delhi court on Monday extended by two days the Enforcement Directorate (ED) custody of Hari Om Rai, managing director of Lava International in a case of money laundering alleged against smartphone company, Vivo..
The ED was also granted two more days custody of the Chinese national, Guangwen alias Andrew Kuang and chartered accountant Nitin Garg for further questioning...
Additional Sessions Judge Justice Devender Kumar Jangala had on October 10 sent the accused to EDs custody for three days, which was again extended by another three days on October 13..
The agency further added that approximately 150 emails have been forensically recovered, with which Kuang will be confronted with and his statement on the same will be recorded, while chartered accountant Garg will be confronted with financial statements of the 20 companies incorporated under the Vivo group...
The ED has accused Vivo of illegally transferring Rs 62,476 crore of its revenues to China to avoid payment of taxes in India, after it raided 44 locations of the Chinese company and its related entities last July..
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