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.

Also Read: Gold Surges by Rs 250 as Silver Rallies Rs 350, Reflecting Market Momentum

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

Recent Posts

‘In Kabul, A Cat Has More Freedom Than A Woman’: Revisiting Women’s Struggles Under The Taliban

The Taliban’s regime has since imposed over 100 laws restricting women's rights, stripping them of…

5 hours ago

PM Modi’s Gifts: A Glimpse Of India’s Cultural Heritage In Global Diplomacy

These gifts to world leaders reflect the diverse traditions, arts, and crafts of India, emphasizing…

8 hours ago

Dr Rajeshwar Singh Calls For Bold Goals To Make India A Global Power By 2047

Dr Singh stressed the importance of reaching a GDP of $15 trillion by 2047 to…

8 hours ago

Gautam Adani Faces Indictment In US: Legal Expert Vijay Aggarwal Dismisses Immediate Repercussions

Criminal lawyer Vijay Aggarwal weighed in on the charges against Adani. He believes the indictment…

9 hours ago

Adani Group Stocks Recover As Sensex nd Nifty Post Gains

After a major sell-off earlier in the week, Adani Group stocks, led by Ambuja Cements…

10 hours ago

Sensex Soars 1,961 Points, Nifty Gains 557 In Broad-Based Market Rally

A sharp rally in financial stocks and encouraging US labor market data fueled the uptrend.…

10 hours ago