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Indian financial crime agency raids Chinese-owned Vivo
India's financial crime-fighting agency on Tuesday raided the offices of smartphone maker Vivo, owned by China's BBK Electronics, and its related entities, a senior government official and an industry executive told Reuters.
The searches by the Enforcement Directorate are part of an investigation into suspected money laundering, local media reported.
"Vivo is cooperating with the authorities to provide them with all required information," a Vivo spokesperson said in an emailed statement. "As a responsible corporate, we are committed to be fully compliant with laws."
The Directorate did not respond to requests for comment. The sources declined to be named as the probe is not public.
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