Moneycontrol PRO
you are here: HomeNewsBusiness

Enforcement Directorate raids Chinese-owned smartphone maker Vivo -Sources

An industry executive and a senior government official confirmed to Reuters that the headquarters of Chinese smartphone manufacturer BBK Electronics' Vivo and its connected firms were searched by India's financial crime combating agency on Tuesday.

July 05, 2022 / 04:08 PM IST

Enforcement Directorate 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.

first published: Jul 5, 2022 03:19 pm
ISO 27001 - BSI Assurance Mark