Chinese smartphone maker Vivo is facing an investigation from India’s government for violating The Prevention of Money-Laundering Act (PMLA), as reported by Indian media outlet Economic Times on Tuesday. The country’s Enforcement Directorate raided 44 locations across North India, as part of the investigation. A Vivo spokesperson told Economic Times that “Vivo is cooperating with the authorities to provide them with all required information. As a responsible corporate, we are committed to be fully compliant with laws.” India previously conducted a similar investigation into Chinese consumer electronics brand Xiaomi, seizing over $725 million worth of assets. [Economic Times]
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