Vivo Executive, Three Others Arrested by ED in Money Laundering Case

[ad_1] India’s financial crime agency on Tuesday arrested four industry executives including one Chinese national working for smartphone maker Vivo in India in a case of alleged money laundering, according to legal papers and lawyers working on the case.  The arrest adds to the legal troubles of the Chinese phone maker in India and comes … Read more

Xiaomi India Officials, 3 Banks Served ED Notice for FEMA Violation

[ad_1] Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause notice from the Enforcement Directorate (ED). According to an official, the ED has served show-cause notice for FEMA violation of over Rs. 5,551 crore.  The Enforcement Directorate (ED) on Friday confirmed in a tweet that it … Read more

Xiaomi India Officials, 3 Banks Served ED Notice for FEMA Violation

[ad_1] Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause notice from the Enforcement Directorate (ED). By Press Trust of India | Updated: 9 June 2023 20:16 IST Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause … Read more