India's financial crime-fighting agency last week arrested two senior employees of Vivo's India unit, a move the company vowed to challenge legally
The three have been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA), they said. The identity of the three people was not known immediately
The ED claimed the alleged activities of the four accused enabled Vivo-India to make wrongful gains that were detrimental to the economic sovereignty of the country
Vivo India has reported profits at a time when the overall smartphone industry has seen a 10% decline in shipments
ED recently arrested Chinese national Guangwen Kuang, Lava International's MD Hariom Rai Nitin Garg and Rajan Malik under a different section of the Money Laundering Act
The phone industry told govt that 99% of mobile phones sold in India are produced locally. For companies to grow, they need exports
The charge sheet was filed under criminal sections of the Prevention of Money Laundering Act before Special Judge Kiran Gupta, who on Thursday posted the matter for consideration on December 13
The federal probe agency arrested four persons, including the MD of the Lava International mobile company Hari Om Rai, in this investigation
Companies like Xiaomi, Oppo, Vivo, and Realme together account for a dominating 74% share of the Indian mobile phone market in terms of volumes. However, their share of exports stands at only 14%
Vivo's sub-brand iQOO has announced that it would launch the iQOO 12 smartphone in India on December 12
he four accused are -- Lava International MD Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, Chartered Accountants Nitin Garg and Rajan Malik
"Accused has no role in money laundering and in the schedule offence. He is just an entrepreneur," Rana told the judge
For AI capabilities, Qualcomm says the new processor's Hexagon NPU (Neural Processing Unit) provides 60 per cent more performance per watt compared to the previous generation chipset
The anti-money laundering agency had raided the company and people linked to it in July last year and claimed to have busted a major money laundering racket involving Chinese nationals
iQOO on November 1 announced through a post on X (formerly Twitter) that the iQOO 12 smartphone would launch in India on December 12
Priced at Rs 21,999 onwards, the Vivo Y200 is available for purchase with introductory offers on Vivo India e-store, Amazon India and Flipkart
Additional Sessions Judge Devender Kumar Jangala, however, extended by two days the custodial interrogation of co-accused Nitin Garg
With its price tag of Rs 39,999, the Vivo V29 Pro is not without flaws, but it presents a good option in the premium midrange segment for those seeking novel camera features in a slender form factor
Additional Sessions Judge Devender Kumar Jangala extended the custody of Lava mobile company's managing director Rai, Nitin Garg and Chinese national Guangwen Kuang till October 18
The probe agency also said that employees of Vivo and its Indian affiliates concealed their employment with the Chinese firm when seeking visas