Vivo India launched a money laundering of Rs 20,241 crore, summoned three Chinese foreign officials

Delhi News: A major economic crime has been exposed in the country’s capital Delhi, in which Chinese mobile company Vivo is accused of money laundering of Rs 20,241 crore. In this sensational case, a Delhi court has issued summons to three prominent foreign officials Shane Wei, Chen You Fen alias Elli Cheng and Jhiong Chen alias Jerom and directed to appear in Patiala House Court on 18 August. Complex corporate nets and crores of manipulation ED investigation revealed that Vivo officials made fake corporate structure in India and made profits through shell companies and sent it to China in the name of import. This amount was actually property acquired from crime. Vivo directly controlled with China has also revealed that many Vivo -related companies working in India were being directed by the same original company Vivo China. Under the guise of these companies, money was transacted on a large scale and the amount was transferred to foreign accounts, causing heavy losses to the Government of India. Serious streams of PMLA are implemented .. Delhi’s Patiala House Court found that the three accused officers not only helped Vivo India, but along with Vivo China, actively run the entire mechanism of money laundering. He directly violated Section 3 and Section 70 of the Prevention of Money Laundering Act – PMLA. The role of the accused was not limited to advice only, but they were directly involved in activities of acquisition, ownership, transfer and validation of property. The accused are foreign nationals, the court ordered to be sent through the Ministry of Home Affairs, so that they appear in the Indian court. The Vivo case is no longer limited to economic irregularities – resident agencies feared hawala and tax evasion international network. On August 18, the production of foreign officials is considered important, otherwise the arrest warrant may be issued.

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