India

Delhi Court Extends Enforcement Directorate Custody of Three Vivo-India Executives in Money Laundering Probe

A Delhi court has granted a two-day extension to the Enforcement Directorate (ED) for the custody of three Vivo-India executives as part of a money laundering investigation involving the Chinese smartphone manufacturer and others. Additional Sessions Judge Aparna Swami approved the extension of interim CEO Hong Xuquan alias Terry, Chief Financial Officer (CFO) Harinder Dahiya, and consultant Hemant Munjal based on the ED’s request. These individuals had been brought before the court after the conclusion of their initial three-day ED custody.

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Under the provisions of the Prevention of Money Laundering Act (PMLA), the accused were taken into custody. The ED had previously arrested four individuals—mobile company Lava International’s MD Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik—in connection with the case. Presently, they remain in judicial custody.

The ED had filed a charge-sheet against the aforementioned four individuals in a special PMLA court in Delhi, and the court recently acknowledged and considered the charge-sheet.

Naiteek Bhatt

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