New Delhi, May 15 -- Delhi's Patiala House Court has summoned top executives from VIVO Mobile Communication and its Indian subsidiary in connection with a money laundering case.
The court found enough evidence to proceed against the company's CEO, CFO, and VIVO Mobile India's CEO, as highlighted in a supplementary prosecution complaint.
Judge Kiran Gupta, in an order issued on May 13, called for the appearance of Shen Wei (CEO), Chen Yu Fen (CFO), and Zhiyong Chen (VIVO Mobile India CEO), acknowledging their significant role in financial misconduct.
The trio allegedly facilitated the creation of multiple business entities to move illicit funds worth Rs 20,241 crore outside India.
The Enforcement Directorate (ED) claims these executive...
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