3 top Vivo executives, including interim CEO Hong Xuquan, arrested by Enforcement Directorate for money laundering

OpIndia bringing the ‘right’ side of India OpIndia bringing the ‘right’ side of India Sunday, December 24, 2023 Latest News About Us Contact Us Write for Us MyVoice Facebook Instagram RSS Twitter Youtube OpIndia bringing the ‘right’ side of India Politics Congress announces major rejig, Priyanka Gandhi Vadra removed as UP in-charge, remains general secretary without portfolio Video of BJP MP Ramesh Bidhuri slamming the opposition alliance with ‘hard-hitting’ facts in Lok Sabha goes viral, here is what he said Madhya Pradesh CM Mohan Yadav vows to reclaim global time standard, announces study to shift prime meridian from Greenwich to Ujjain Karnataka: Congress revokes ‘Hijab ban’ in schools, Minister Priyank Kharge defends decision to undo uniformity in school uniform 62 villages in Western UP ban entry of Congress and TMC for insulting Vice President, decision taken in Dhankhar Khap Panchayat Opinions Delhi Police’s bizarre argument in an attempt to shield Rahul Gandhi after he revealed identity of minor victim leaves many shocked: How they are. . .

The erosion of democratic decorum: Opposition’s unruly conduct in Parliament threatens the integrity of the democratic process The charade of ‘secularism’: DU Professor accused of inciting Delhi anti-Hindu Riots by a witness cries hoarse as Hindus legally want their temple back ‘Hamid Ansari used to help gangster Mukhtar Ansari despite being the Vice President’: BJP MLA Sushil Singh Ashok Gehlot ruined Rajasthan’s economy, left a debt of Rs 5. 37 lakh crore on the state, failed to boost GDP Fact-Check All Media Fact-Check Political Fact-Check Social Media Fact-Check ‘Fact-Checker’ Md Zubair spreads fake news after Sanjay Singh wins election to become WFI president, claims he was ‘appointed’ by BJP ‘Islam is incompatible with Europian culture’: 5-year-old video of Italian PM Giorgia Meloni goes viral, reported as recent statement Fact Check: Did Pakistani caretaker PM confirm that unknown men poisoned Dawood Ibrahim? Here is the truth Routine action against encroachment in Lucknow being peddled with misleading claims of harassment and assault of Kashmiri vendors, UP Police issues clarification Media Favouritism, allowing harassment of women at the workplace, exploitation: How Left ecosystem shielded author of the book on Rahul Gandhi Times of India eulogises Joseph Stalin, the communist dictator who killed millions, as ‘The Man of Steel’ Party wanted to deny him ticket, those who helped him are dead or in BJP: Rajdeep Sardesai tries to defend Congress over scam accused. .

. Parliament security breach mastermind Lalit Jha arrested, had fled to Rajasthan News24 posts misleading tweet on Muslim sculptors making idol of Ram Lalla, here are the facts on the idols being made for the Ram. .

. Variety All Books Culture and History Satire WTF News PornHub’s parent company admits it made profit by coercing women into performing sex acts on camera and posting it without their consent, fined 1. 8.

. . 18-year-old autistic teen given ‘life in hospital’ sentence after he hacked Nvdia, BT/EE, and then hacked GTA-VI without even a laptop in police custody No missile tests, no fishing, ‘Arribada’ is happening: Read how Odisha prepares to welcome lakhs of Olive Ridley turtles coming from faraway oceans Ram Mandir inauguration: ISKCON Ayodhya to offer free lunch prasad for 5000 pilgrims daily, ghee Diyas to be lit in all their temples Specials All Interviews OpIndia Explains OpIndia Scoops No missile tests, no fishing, ‘Arribada’ is happening: Read how Odisha prepares to welcome lakhs of Olive Ridley turtles coming from faraway oceans On Gita Jayanti, know the divine glory of Shrimad Bhagavad Gita that teaches the way to live life Ram Mandir, Sanatan Dharma, and the shallow discourse: Unraveling ‘historian’ Ramachandra Guha and ‘journalist’ Karan Thapar’s limited grasp of Hindu way ‘Hamid Ansari used to help gangster Mukhtar Ansari despite being the Vice President’: BJP MLA Sushil Singh More… Social Media Entertainment Political History of India Government and Policy Economy and Finance Sports World Crime Law Support Us हिन्दी में ગુજરાતીમાં Search OpIndia bringing the ‘right’ side of India Politics News Reports Congress announces major rejig, Priyanka Gandhi Vadra removed as UP in-charge, remains general secretary without portfolio News Reports Video of BJP MP Ramesh Bidhuri slamming the opposition alliance with ‘hard-hitting’ facts in Lok Sabha goes viral, here is what he said News Reports Madhya Pradesh CM Mohan Yadav vows to reclaim global time standard, announces study to shift prime meridian from Greenwich to Ujjain News Reports Karnataka: Congress revokes ‘Hijab ban’ in schools, Minister Priyank Kharge defends decision to undo uniformity in school uniform News Reports 62 villages in Western UP ban entry of Congress and TMC for insulting Vice President, decision taken in Dhankhar Khap Panchayat Opinions Law Delhi Police’s bizarre argument in an attempt to shield Rahul Gandhi after he revealed identity of minor victim leaves many shocked: How they are.

. . Opinions The erosion of democratic decorum: Opposition’s unruly conduct in Parliament threatens the integrity of the democratic process Opinions The charade of ‘secularism’: DU Professor accused of inciting Delhi anti-Hindu Riots by a witness cries hoarse as Hindus legally want their temple back News Reports ‘Hamid Ansari used to help gangster Mukhtar Ansari despite being the Vice President’: BJP MLA Sushil Singh News Reports Ashok Gehlot ruined Rajasthan’s economy, left a debt of Rs 5.

37 lakh crore on the state, failed to boost GDP Fact-Check All Media Fact-Check Political Fact-Check Social Media Fact-Check News Reports ‘Fact-Checker’ Md Zubair spreads fake news after Sanjay Singh wins election to become WFI president, claims he was ‘appointed’ by BJP Fact-Check ‘Islam is incompatible with Europian culture’: 5-year-old video of Italian PM Giorgia Meloni goes viral, reported as recent statement News Reports Fact Check: Did Pakistani caretaker PM confirm that unknown men poisoned Dawood Ibrahim? Here is the truth News Reports Routine action against encroachment in Lucknow being peddled with misleading claims of harassment and assault of Kashmiri vendors, UP Police issues clarification Media News Reports Favouritism, allowing harassment of women at the workplace, exploitation: How Left ecosystem shielded author of the book on Rahul Gandhi Media Times of India eulogises Joseph Stalin, the communist dictator who killed millions, as ‘The Man of Steel’ News Reports Party wanted to deny him ticket, those who helped him are dead or in BJP: Rajdeep Sardesai tries to defend Congress over scam accused. . .

News Reports Parliament security breach mastermind Lalit Jha arrested, had fled to Rajasthan News Reports News24 posts misleading tweet on Muslim sculptors making idol of Ram Lalla, here are the facts on the idols being made for the Ram. . .

Variety All Books Culture and History Satire WTF News News Reports PornHub’s parent company admits it made profit by coercing women into performing sex acts on camera and posting it without their consent, fined 1. 8. .

. News Reports 18-year-old autistic teen given ‘life in hospital’ sentence after he hacked Nvdia, BT/EE, and then hacked GTA-VI without even a laptop in police custody Variety No missile tests, no fishing, ‘Arribada’ is happening: Read how Odisha prepares to welcome lakhs of Olive Ridley turtles coming from faraway oceans News Reports Ram Mandir inauguration: ISKCON Ayodhya to offer free lunch prasad for 5000 pilgrims daily, ghee Diyas to be lit in all their temples Specials All Interviews OpIndia Explains OpIndia Scoops Variety No missile tests, no fishing, ‘Arribada’ is happening: Read how Odisha prepares to welcome lakhs of Olive Ridley turtles coming from faraway oceans News Reports On Gita Jayanti, know the divine glory of Shrimad Bhagavad Gita that teaches the way to live life Specials Ram Mandir, Sanatan Dharma, and the shallow discourse: Unraveling ‘historian’ Ramachandra Guha and ‘journalist’ Karan Thapar’s limited grasp of Hindu way News Reports ‘Hamid Ansari used to help gangster Mukhtar Ansari despite being the Vice President’: BJP MLA Sushil Singh More… Social Media Entertainment Political History of India Government and Policy Economy and Finance Sports World Crime Law Support Us हिन्दी में ગુજરાતીમાં More Search Home News Reports 3 top Vivo executives, including interim CEO Hong Xuquan, arrested by Enforcement Directorate for. .

. Economy and Finance Featured News Reports Updated: 24 December, 2023 3 top Vivo executives, including interim CEO Hong Xuquan, arrested by Enforcement Directorate for money laundering The arrested individuals include Hong Xuquan, also known as Terry, who is the Interim CEO of Vivo India, Harinder Dahiya, the Chief Financial Officer (CFO), and Hemant Munjal, a consultant. 24 December, 2023 OpIndia Staff Image Source: Business Today Facebook Twitter Telegram Email WhatsApp 3 In a significant development in the ongoing money laundering investigation against Chinese smartphone company Vivo, the Enforcement Directorate (ED) has arrested three high-ranking executives of the company.

The arrests, which took place on Saturday (23rd December) come after a long investigation. The arrested individuals include Hong Xuquan, also known as Terry, who is the Interim CEO of Vivo India, Harinder Dahiya, the Chief Financial Officer (CFO), and Hemant Munjal, a consultant. These arrests have been made under the provisions of the Prevention of Money Laundering Act (PMLA).

The accused were presented before a court, which remanded them to ED custody for three days. This latest action by the ED follows the earlier arrests of four individuals associated with the case. These include Hari Om Rai, the Managing Director of Lava International, a competing mobile company; Guangwen, also known as Andrew Kuang, a Chinese national; and two chartered accountants, Nitin Garg and Rajan Malik.

All four are currently in judicial custody. The ED had presented a charge sheet against these four individuals before a special PMLA court in Delhi. The court acknowledged and took note of the charge sheet.

The ED’s investigation has brought to light allegations of a significant financial subterfuge orchestrated by Vivo. Reports suggest that the company siphoned off a staggering Rs 1 lakh crore from India between 2014 and 2021. This was allegedly facilitated through a network of shell companies, purportedly established at the behest of Vivo’s Chinese parent company Vivo Mobile Communication Co.

These shell entities, numbering 19, were set up to create an elaborate front, allowing Vivo to gain a stronghold in India violating foreign direct investment rules. Further, the ED’s probe unearthed that Vivo India had remitted nearly Rs 62476 crore to China, constituting almost 50% of its turnover, ostensibly to avoid taxes in India. This has raised serious concerns about the economic sovereignty of India.

The agency’s investigation also revealed a pattern of alleged deceit involving the use of forged documents and falsified addresses. One of the companies under scrutiny, Grand Prospect International Communication Pvt. Ltd.

(GPICPL), reportedly used government buildings and a senior bureaucrat’s house as its registered addresses. The matter has drawn significant attention, considering the scale of the alleged financial irregularities and their implications on India’s economic interests. The case continues to unfold as the ED delves deeper into the intricate web of transactions and corporate structures set up by Vivo and its associates.

Support Us Whether NDTV or ‘The Wire’, they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them.

Please contribute whatever you can afford Pay Topics Enforcement Directorate Vivo Vivo Mobile OpIndia Staff https://www. opindia. com Staff reporter at OpIndia Share on : Click to share on Facebook (Opens in new window) Click to share on Twitter (Opens in new window) Click to share on Koo (Opens in new window) Click to share on Reddit (Opens in new window) Click to share on Telegram (Opens in new window) Click to share on WhatsApp (Opens in new window) Related Articles Trending now News Reports After quitting wrestling objecting to WFI election results, Sakshi Malik objects to holding junior nationals in UP’s Gonda, calls it “area of Brijbhushan” ANI – 23 December, 2023 Sakshi Malik expressed disappointment at the venue selection of junior nationals, which will take place in Gonda in UP News Reports Madhya Pradesh: Former CM Shivraj Singh Chouhan puts on shoes for a BJP worker who remained barefoot for six years for the BJP’s win OpIndia Staff – 23 December, 2023 In 2017, a BJP worker took a pledge to remain barefoot until the saffron party formed a government in Madhya Pradesh.

Protesting wrestlers want govt to override WFI election to appoint a woman as president, but it will result in a ban by the world. . .

23 December, 2023 INDI alliance leader insults Hindi heartland: DMK’s Dayanidhi Maran says Hindi speakers who migrate from UP, Bihar to Tamil Nadu clean toilets, roads 23 December, 2023 Hijab ban in schools not revoked yet, issue being discussed: Karnataka CM Siddaramaiah takes U-turn after announcing the withdrawal 23 December, 2023 Drone strikes merchant ship in Arabian Sea, Indian Navy dispatches ICGS Vikram for assistance: Details 23 December, 2023 Recently Popular News Reports Influencer Vivek Bindra booked for allegedly abusing and assaulting wife hours after wedding, FIR says Yankita hospitalised with severe injuries and hearing loss OpIndia Staff – 22 December, 2023 News Reports Reuters finds ‘Dara Hua Musalman’ in Ayodhya as city prepares to hold grand consecration event Pragya Bakshi Sharma – 22 December, 2023 News Reports ‘How can a beef promoter be granted access into the revered premises of Jagannath Mandir’: Odisha BJP demands arrest of influencer Kamiya Jani OpIndia Staff – 21 December, 2023 News Reports Indian engineer Vishnu Dev Radhakrishnan, who spent 5. 5 years behind bars over accusations of ‘blasphemy’, finally released from Saudi jail OpIndia Staff – 23 December, 2023 News Reports 18-year-old autistic teen given ‘life in hospital’ sentence after he hacked Nvdia, BT/EE, and then hacked GTA-VI without even a laptop in police custody OpIndia Staff – 22 December, 2023 News Reports “No five-judge bench of Supreme Court can represent 140 crore Indians”: BJD MP Sasmit Patra on clashes between the Judiciary and Legislature OpIndia Staff – 23 December, 2023 – Advertisement – Latest News Congress announces major rejig, Priyanka Gandhi Vadra removed as UP in-charge, remains general secretary without portfolio OpIndia Staff – After quitting wrestling objecting to WFI election results, Sakshi Malik objects to holding junior nationals in UP’s Gonda, calls it “area of Brijbhushan” ANI – Tamil Nadu floods: 35 deaths reported, focus now on restoring basic services, says chief secretary ANI – Video of BJP MP Ramesh Bidhuri slamming the opposition alliance with ‘hard-hitting’ facts in Lok Sabha goes viral, here is what he said OpIndia Staff – Indian army says probe into deaths of 3 civilians in Poonch underway, J&K administration announces compensation and jobs for family ANI – US State Department condemns vandalism of Swaminarayan Temple in California, police launch probe calling it a ‘targeted attack’ ANI – Madhya Pradesh CM Mohan Yadav vows to reclaim global time standard, announces study to shift prime meridian from Greenwich to Ujjain OpIndia Staff – Madhya Pradesh: Former CM Shivraj Singh Chouhan puts on shoes for a BJP worker who remained barefoot for six years for the BJP’s win OpIndia Staff – Protesting wrestlers want govt to override WFI election to appoint a woman as president, but it will result in a ban by the world. .

. Paurush Gupta – INDI alliance leader insults Hindi heartland: DMK’s Dayanidhi Maran says Hindi speakers who migrate from UP, Bihar to Tamil Nadu clean toilets, roads OpIndia Staff – Read all the latest news Connect with us 255,564 Fans Like 665,518 Followers Follow 38,100 Subscribers Subscribe Subscribe to our Newsletter Each morning, get an email to keep updated with all the news, opinions and analysis published by OpIndia. Enter your email address: Browse by months Browse by months Select Month December 2023 November 2023 October 2023 September 2023 August 2023 July 2023 June 2023 May 2023 April 2023 March 2023 February 2023 January 2023 December 2022 November 2022 October 2022 September 2022 August 2022 July 2022 June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021 May 2021 April 2021 March 2021 February 2021 January 2021 December 2020 November 2020 October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 September 2017 August 2017 July 2017 June 2017 May 2017 April 2017 March 2017 February 2017 January 2017 December 2016 November 2016 October 2016 September 2016 August 2016 July 2016 June 2016 May 2016 April 2016 March 2016 February 2016 January 2016 December 2015 November 2015 October 2015 September 2015 August 2015 July 2015 June 2015 May 2015 April 2015 March 2015 February 2015 January 2015 December 2014 Contact: [email protected] About us News and opinion website that brings you reports and narrative from a perspective often ignored or suppressed by the mainstream media of India.

Follow us Facebook Instagram RSS Twitter Youtube © OpIndia. com Latest News Hindi News MyVoice Terms Privacy Policy About Us Contact Us.