Vivo Says It’s Cooperating With Indian Authorities After Raids

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.