Vivo PMLA case: Delhi court sends Lava MD, Chinese national to judicial custody

A court here on Wednesday sent Lava International MD Hari Om Rai and Chinese national Guangwen Kuang to judicial custody till October 30 in a money laundering case against Chinese smartphone maker Vivo.

Additional Sessions Judge Devender Kumar Jangala, however, extended by two days the custodial interrogation of co-accused Nitin Garg.

The court passed the order on an application moved by the Enforcement Directorate.

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The three accused were produced before the court on completion of their ED custody granted earlier. They were arrested under the provisions of the Prevention of Money Laundering Act (PMLA).

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The smartphone company has denied the allegations.

“Vivo has constantly denied the allegations. We will pursue necessary and appropriate legal recourse,” a company representative said in a statement.

The ED had raided the Chinese company and individuals linked to it in July last year, claiming to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies.

The agency had alleged that a whopping Rs 62,476 crore was “illegally” transferred by Vivo to China in order to avoid paying taxes in India.

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