The Enforcement Directorate has filed its first charge sheet in connection with its money laundering probe against vivo-India and others. The agency arrested four individuals, including the MD of Lava International mobile company, Hari Om Rai, and a Chinese national named Guangwen alias Andrew Kuang. Chartered Accountants Nitin Garg and Rajan Malik were also taken into custody. The ED alleges that the activities of these individuals enabled vivo-India to make wrongful gains, detrimental to India's economic sovereignty. The agency had raided vivo-India and its associates, claiming to have uncovered a major money laundering racket involving Chinese nationals and Indian companies.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/V7a0DRG
