Salem Radio Network News Thursday, August 11, 2022


Indian financial crime agency raids Chinese-owned smartphone maker Vivo -sources

MUMBAI (Reuters) – India’s financial crime fighting agency on Tuesday raided the offices of smartphone maker Vivo, owned by China’s BBK Electronics, and its related entities, a senior government official and an industry executive told Reuters.

The searches by the Enforcement Directorate are part of an investigation into suspected money laundering, local media reported. The sources declined to be named as the probe is not public.

The Directorate and Vivo did not immediately respond to requests for comment.

(Reporting by Aditya Kalra and Abhirup Roy, Editing by Sanjeev Miglani and Louise Heavens)


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