Caixin
Jul 06, 2022 08:24 PM
TECH

Vivo Says It’s Cooperating With Indian Authorities After Raids

An advertisement for Chinese mobile phone maker VIVO painted on the shutters of a closed shop at a market in Mumbai, July 31, 2020. Photo: VCG
An advertisement for Chinese mobile phone maker VIVO painted on the shutters of a closed shop at a market in Mumbai, July 31, 2020. Photo: VCG

Chinese smartphone-maker Vivo Mobile Communications Co. Ltd. says it is cooperating with Indian authorities after they raided its local offices as part of a money laundering investigation.

The Directorate of Enforcement, a financial crime-fighting agency affiliated to India’s Ministry of Finance, on Monday raided 44 offices of Vivo and associated entities in multiple states including Uttar Pradesh, Meghalaya and Maharashtra over suspected violations of the Prevention of Money Laundering Act, according to local media reports.

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