New Delhi’The ED Tuesday arrested four persons including the managing director of Lava International mobile company and a Chinese national in connection with a money-laundering probe against smart phone-maker Vivo, with sources terming their activities detrimental to India’s economic sovereignty.
The Enforcement Directorate (ED) claimed in its remand papers before a local court that the alleged activities of the four enabled Vivo, India to make wrongful gains.
They four arrested were identified as Hari Om Rai, the MD of Lava International company, Chinese national Guangwen alias Andrew Kuang, and Chartered Accountants Nitin Garg and Rajan Malik.