Indian Economic Police Raid Offices Of Smartphone Maker Vivo

India’s financial crime enforcement agency conducted raids at dozens of locations belonging to Chinese mobile manufacturer Vivo on Tuesday as part of what local media reported as a money-laundering investigation.

The raids follow an action by the Enforcement Directorate against China’s Xiaomi nine months ago.

Local reports said the raids targeted about 40 locations in the northern states of Uttar Pradesh, Madhya Pradesh and Bihar, with some reports saying locations in southern states were also targeted.

Image credit: Presidential Secretariat of India


Neither the Directorate nor Vivo have commented publicly about the action. Vivo is wholly owned by China’s BBK Electronics.

The India Times said Vivo was the subject of an inquiry by India’s Central Bureau of Investigation, which referred the matter to the Directorate for alleged breaches of the Prevention of Money Laundering Act (PMLA).

The company’s distributor in Jammu and Kashmir was previously targeted by investigators after it was found that at least two Chinese shareholders in the company had submitted forged documents and false Indian addresses. The case was taken up by the economic offences wing of the Delhi Police.

Last year’s probe into Xiaomi led the Directorate in April to seize Xiaomi assets in the country, an action Xiaomi is challenging in court.

Border dispute

The Directorate accused Xiaomi of sending foreign currency remittances “in the guise of” royalties.

Xiaomi has denied wrongdoing and said executives faced threats of “physical violence” and coercion when questioned by the Directorate. The agency denied the allegations.

Chinese companies have faced more challenging conditions in India since a border clash between the two countries in 2020 that led India to ban more than 300 Chinese apps and to tighten regulatory controls.

Matthew Broersma

Matt Broersma is a long standing tech freelance, who has worked for Ziff-Davis, ZDnet and other leading publications

Recent Posts

Google Ordered To Pay $43m By Australian Court

Search engine Google fined $43 million by Australian court for tracking Android users location data…

13 hours ago

Hacker Touts Data Sale Of 48.5m Users Of Covid App – Report

Personal data of 48.5 million Chinese citizens who used Shanghai's Covid App, is being offered…

14 hours ago

Facebook Tests Default End-to-End Encryption For Messenger

Privacy move. Platform tests secure storage of people's chats on Messenger, in a move sure…

15 hours ago

UK’s CMA Begins Probe Of Viasat Acquisition Of Inmarsat

British competition regulator the CMA, begins phase one investigation of $7.3 billion merger between Inmarsat…

1 day ago

Cisco Admits ‘Security Incident’ After Breach Of Corporate Network

Yanluowang ransomware hackers claim credit for compromise of Cisco's corporate network in May, while Cisco…

1 day ago

Google Seeks To Shame Apple Over RCS Refusal

Good luck convincing Tim. Google begins publicity campaign to pressure Aple into adopting the cross…

2 days ago