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ED conducts raids against Vivo, related companies in money laundering probe

NewsDrum Desk

05 Jul 2022 00:00 IST

Updated On 05 Jul 2022 05:30 IST

New Update

New Delhi: The Enforcement Directorate on Tuesday conducted searches at 44 places across the country in a money laundering investigation against Chinese smartphone manufacturing company Vivo and related firms, officials said.

The searches are being carried out under sections of the Prevention of Money Laundering Act (PMLA).

The agency is conducting searches at 44 places related to Vivo and associated companies, they said.

India Enforcement Directorate money laundering Prevention of Money Laundering Act PMLA FEMA VIVO Foreign Exchange Management Act Chinese Mobile manufacturing company ED raid at VIVO Company