Vivo India has reported profits at a time when the overall smartphone industry has seen a 10% decline in shipments
ED recently arrested Chinese national Guangwen Kuang, Lava International's MD Hariom Rai Nitin Garg and Rajan Malik under a different section of the Money Laundering Act
The phone industry told govt that 99% of mobile phones sold in India are produced locally. For companies to grow, they need exports
A Delhi court will consider on December 13 whether to take cognisance of the charge sheet filed against Chinese smartphone maker Vivo-India and others in a money laundering case. The charge sheet was filed under criminal sections of the Prevention of Money Laundering Act before Special Judge Kiran Gupta, who on Thursday posted the matter for consideration on December 13. According to sources, the Enforcement Directorate (ED) has accused Vivo-India of cheating the Union government through an an intricate network it had set up in the country. Four individuals -- the MD of Lava International mobile company, Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik - have been named as accused the prosecution complaint (ED's equivalent of a charge sheet). All the accused are currently in judicial custody. Advocate Nitesh Rana, appearing for Rai before the court on Thursday, termed the case as frivolous and said there was no eviden
The Enforcement Directorate filed its first charge sheet in connection with its money laundering probe against Chinese smartphone maker vivo and some others, official sources said on Thursday. The prosecution complaint has been filed before a special court here on Wednesday under the criminal sections of the Prevention of Money Laundering Act (PMLA) and vivo-India has been named an accused apart from those arrested in this case, the sources told PTI. The federal probe agency arrested four persons, including the MD of the Lava International mobile company Hari Om Rai, in this investigation. The others who were taken into custody were Chinese national Guangwen alias Andrew Kuang, Chartered Accountants Nitin Garg and Rajan Malik. The ED had then claimed in its remand papers before a local court here that the alleged activities of the four enabled vivo-India to make wrongful gains that were detrimental to the economic sovereignty of India. It had raided vivo-India and its linked person
Companies like Xiaomi, Oppo, Vivo, and Realme together account for a dominating 74% share of the Indian mobile phone market in terms of volumes. However, their share of exports stands at only 14%
Vivo's sub-brand iQOO has announced that it would launch the iQOO 12 smartphone in India on December 12
he four accused are -- Lava International MD Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, Chartered Accountants Nitin Garg and Rajan Malik
A court here on Saturday sought a response from the Enforcement Directorate on an application filed by the MD of Lava International Company seeking bail in a money-laundering case against Chinese phone-maker Vivo. Special Judge Tarun Yogesh issued a notice to the ED on the application filed by Hari Om Rai and directed the central probe agency to file its reply by November 29, when the court will further hear the matter. The court passed the direction after hearing arguments from Advocate Nitesh Rana, who, appearing for the accused, claimed that since Rai was not required for further custodial interrogation, no purpose will be served by keeping him in custody. "Accused has no role in money laundering and in the schedule offence. He is just an entrepreneur," Rana told the judge. Rai was arrested last month with a few others under the provisions of the Prevention of Money Laundering Act. The ED has alleged that Vivo "illegally" transferred Rs 62,476 crore to China in order to avoid .
For AI capabilities, Qualcomm says the new processor's Hexagon NPU (Neural Processing Unit) provides 60 per cent more performance per watt compared to the previous generation chipset
A court here on Thursday extended the judicial custody of four accused, including the managing director of Lava International mobile company and a Chinese national, till November 23 in a money laundering case against Chinese smartphone maker Vivo. Additional Sessions Judge Devender Kumar Jangala passed the order on an application moved the Enforcement Directorate. The four arrested are: Hari Om Rai, the MD of Lava International, Chinese national Guangwen alias Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik. Defence advocate Nitesh Rana opposed the ED's application for extension of their judicial custody, saying it cannot be done "mechanically and automatically. There must be application of mind," Rana told the court. The anti-money laundering agency had raided the company and people linked to it in July last year and claimed to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies. The ED had then alleged a whopp
iQOO on November 1 announced through a post on X (formerly Twitter) that the iQOO 12 smartphone would launch in India on December 12
Priced at Rs 21,999 onwards, the Vivo Y200 is available for purchase with introductory offers on Vivo India e-store, Amazon India and Flipkart
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. 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). 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 Ind
With its price tag of Rs 39,999, the Vivo V29 Pro is not without flaws, but it presents a good option in the premium midrange segment for those seeking novel camera features in a slender form factor
A court here on Monday extended by two days the ED custody of three people, including Lava International MD Hari Om Rai, arrested in a money laundering case against Chinese smartphone maker Vivo. Additional Sessions Judge Devender Kumar Jangala extended the custody of Lava mobile company's managing director Rai, Nitin Garg and Chinese national Guangwen Kuang till October 18, saying the Enforcement Directorate (ED) was able to make out the case for grant of further custody remand. The accused were produced before the court on completion of their ED custody granted earlier. There appears to be continuity in the stand taken by Enforcement Directorate with regard to extraction of digital data and the accused persons to be confronted with the same. Therefore, considering the settled principles of law and Delhi High Court Rules, I am of the considered opinion that the Enforcement Directorate is able to make out the case for grant of further custody remand, the judge said. The court direc
The probe agency also said that employees of Vivo and its Indian affiliates concealed their employment with the Chinese firm when seeking visas
The Enforcement Directorate (ED) on Friday sought extension of the custody of four people arrested in a money laundering case against Chinese smart phone maker Vivo, including the managing director of Lava International mobile company and a Chinese national, by 10 days. Additional Sessions Judge Devender Kumar Jangala had on October 10 sent the accused to ED's custody for three days. The four accused- Hari Om Rai, the MD of Lava International company, Chinese national Guangwen alias Andrew Kuang, and Chartered Accountants Nitin Garg and Rajan Malik- were produced in the court on Friday on expiry of their custody. The prosecution sought extension of their custody so they could be interrogated further. It said they had to be confronted with 13 witnesses and digital data from multiple devices had to be extracted. The defence counsel opposed the agency's plea, claiming the ED was engaging in "flagrant violation of procedures". The court is expected to pass an order on ED's applicatio
"Many employees of Vivo group companies worked in India without appropriate visas," the agency said in the filing
Both the Vivo V29 and V29 Pro sport a 6.78-inch two-side curved display of 1.5k resolution and up to 120Hz refresh rate