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A day after the Enforcement Directorate (ED) carried out searches at a number of places throughout the nation linked to Chinese language smartphone producer Vivo, Beijing has responded, saying it hopes for a good probe.
The ED raided at the very least 44 locations throughout India on Tuesday in a money-laundering investigation towards Vivo and associated corporations.
Sources advised information company ANI that Vivo administrators Zhengshen Ou and Zhang Jie fled from India as ED intensified its inquiries.
The searches had been carried out underneath sections of the Prevention of Cash Laundering Act (PMLA) at places in a number of states together with Delhi, Uttar Pradesh, Meghalaya, and Maharashtra.
Requested concerning the raids, Chinese language overseas ministry spokesperson Zhao Lijian advised a press meet that Beijing is intently following the developments on this matter.
“As I’ve confused many instances, the Chinese language authorities has at all times requested Chinese language corporations to abide by legal guidelines and rules when doing enterprise abroad,” Zhao stated. “Within the meantime, we firmly assist Chinese language corporations in safeguarding their lawful rights and pursuits.”
The raids come towards the backdrop of a lingering army impasse between India and China alongside the Line of Precise Management (LAC) in japanese Ladakh that has been on for greater than two years.
“We hope the Indian authorities will abide by legal guidelines as they perform the investigation and enforcement actions and supply a very truthful, simply and non-discriminatory enterprise surroundings for Chinese language corporations investing and working in India,” Zhao stated.
A Vivo India spokesperson stated they’re cooperating with authorities.
(With company inputs)
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