ED Thursday filed charge sheet in money-laundering probe against Vivo. Allegations against firm include visa fraud. Vivo has maintained that it is ‘cooperating’ with probe.
ED raided vivo-India and its linked persons in July last year, claiming to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies.
Report by Counterpoint Research attributes decline in smartphone shipments to sluggish demand, high inventory buildup & growing consumer preference for refurbished phones.
About 90% of individuals surveyed for the fourth edition of Vivo’s 'Switch Off' study also said that time spent on smartphones was their 'most preferred way' to relax.
Smartphone leaders like Xiaomi, Vivo, Oppo, and Huawei, besides smaller fintech players, are under the scanner of various central agencies for a laundry list of alleged offences.
The ED revealed the information after it carried out searches at 48 premises spanning across the country belonging to Vivo and its 23 associated companies such as GPICPL.
On 5 July, ED conducted searches at more than 40 locations linked to Chinese firms violating the Prevention of Money Laundering Act. China expressed hope the Indian authorities would abide by laws
The Ministry of Corporate Affairs will scrutinise auditor reports and has received information from unnamed sources that indicates potential violation including fraud.
Assam CM can’t celebrate that the Congress drew a blank in the Bodoland Territorial Council polls in 2010 as well as 2015, and bagged only one in 2020.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
In post on social media, Cooper narrated experience of MiG-21 researcher from Germany who wanted to attend aircraft’s farewell ceremony in India, and the roadblocks he faced.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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