Chinese people came with fake documents..? Vivo company..?

Sowmiya Sriram
Chinese people came with fake documents..? Vivo company..?

It must be said that the money fraud from the Vivo company has shaken india, more importantly, two Chinese people have been given fake documents in india and given a high position in the Vivo company. In 22 states, the enforcement department has checked a total of 44 locations of Vivo company and its 23 allied companies and offices.
Enforcement Directorate (ED) has been conducting raids at Vivo and its 23 affiliate companies, offices, and premises since Wednesday. The directors of one of the companies associated with Vivo left india during the raid. Based on the data released now, two Chinese directors of the Solan company from Himachal Pradesh, which is related to Vivo, have left India.
Both the directors of the Solan company are Chinese nationals and have been made directors in indian companies through fake documents, according to business Insider. In the investigation conducted by the officials of the enforcement department, information has been received that money laundering of Rs.65,000 crore has taken place so far.
Vivo's indian unit has sent nearly 50 percent of its total turnover, or Rs 62,476 crore, to china to avoid paying taxes in india, the Enforcement Directorate said on thursday (today). In a raid conducted at 44 locations owned by Vivo, cash worth Rs 465 crore, Rs 73 lakh in cash, and 2 kg gold bars were seized in 119 bank accounts belonging to various companies.
Notably, in April, the Enforcement Directorate seized Rs 5,551.27 crore from xiaomi Technology india Pvt Ltd's bank accounts under the provisions of the Foreign Exchange Management Act (FEMA) in connection with illegal foreign transfers made by the company.
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