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ED Raids 44 Locations Of Vivo In India

Vivo is having some troubled times in India after the Enforcement Directorate raided Vivo offices in the country.
Abhishek Joshi
The Enforcement Directorate has raided Vivo at roughly 44 locations in India, including additional facilities that were setup in the country.
"Vivo is cooperating with the authorities to provide them with all required information. As a responsible corporate, we are committed to being fully compliant with laws," a Vivo India spokesperson said.
In the latest development, sources suggest ED has raided another company that was connected with Vivo.
Directors Zhengshen Ou and Zhang Jie have likely fled India as they had allegedly forged documents to set up this sub-company.
ED has received information about money laundering worth Rs. 10,000 crores during the raids.