The Enforcement Directorate has arrested the MD of Lava International mobile company, a Chinese national, a Chartered Accountant and another person as part of its ongoing money-laundering probe against Chinese smartphone maker Vivo, official sources told PTI on Tuesday.
The four were taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA).
They are expected to be produced before a court here where the ED will seek their custody.
The agency had raided the company and its linked persons in July last year, claiming to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies.
The ED had then alleged that a whopping Rs 62,476 crore was "illegally" transferred by Vivo to China in order to avoid payment of taxes in India.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
Smartphone Shipments in India Grew 7 Percent YoY in H1 2024: IDC Report Vivo T3 Pro 5G Design, Specifications Surface Online Ahead of Rumoured India Launch Vivo Y58 5G Gets a Permanent Discount in India: See New Price, Availability How Extreme Weather Is Leading To Rise In Child Marriages In Pakistan "Probably First Time Since '87/88...": Omar Abdullah On J&K Poll Dates Who Is Jasveen Sangha, "Ketamine Queen" Charged With Matthew Perry's Death Man Bites Off Part Of Father's Thumb During Argument Over Property: Cops Sikh Woman, Minor Son Kidnapped By 2 In Pakistan Rescued: Cops Chhattisgarh NEET UG 2024 Counselling Schedule Released, Check Details Track Latest News Live on NDTV.com and get news updates from India and around the world.