Two senior executives of Vivo India were revealed to have been detained in India. The company responded: Deeply shocked and will take legal measures

According to reports, India’s Enforcement Directorate (ED) recently launched a new round of “anti-money laundering investigation” against vivo India and arrested a number of executives, including the interim CEO and CFO. This is another severe crackdown on the company by the Indian authorities following the arrest of vivo employees by India's financial law enforcement agencies in October this year. According to Jiemian News, a spokesperson for vivo said it was "deeply shocked." , saying that the Indian authorities

"recent arrests indicate that harassment continues and has brought uncertainty to the entire industry"

, and the company will resolutely use all legal means to respond and challenge these accusations. This site has noticed that since the end of 2021, the Indian authorities have launched multiple raids and tax inspections on Chinese mobile phone manufacturers such as Xiaomi, vivo, and OPPO, and have frozen and seized the accounts of the above companies in India for various reasons. funds. Yang Shucheng, secretary-general of the China-India-Vietnam Electronics Association (CMA), once said, "

The Chinese companies are not subject to spot checks but general checks, and the enforcement is quite strict

. In addition to investigating the company itself, it will also trace upstream and downstream and related parties company, this is a 'treatment' that no other country has." The spokesperson of the Chinese Ministry of Foreign Affairs once responded to India’s investigation of Chinese companies, saying that the Chinese government has always required Chinese companies to operate legally and compliantly overseas. At the same time, we also firmly support Chinese companies in safeguarding their legitimate rights and interests. India should act in compliance with the law and provide a fair, just and non-discriminatory business environment for Chinese companies to invest and operate in India

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