According to sources, two of the Chinese directors of Solan, Himachal Pradesh-based company, that was associated with Vivo, have likely fled India, as ED registered a prevention of
The Chinese nationals were made directors in the Indian entities with fake documents.
The enforcement agency has so far received information about money laundering worth Rs 10,000 crore during the raids, according to ED sources.
More details will emerge later in the case, the sources added.
The
In a statement to IANS, Vivo had said that it is cooperating with the authorities to provide them with all required information.
"As a responsible corporate, we are committed to be fully compliant with laws," a company spokesperson said.
In April, the ED seized Rs 5,551.27 crore of
SEE ALSO :