The Enforcement Directorate of India carried out searches at 40 locations of Vivo India, and the state agency revealed details about the probe. According to an official press release, the company transferred INR 62,476 crore (that’s nearly $8 billion) to China.
During the investigation, the ED seized 119 bank accounts with INR 465 crore (about $58 million) in them, as well as 2 kg gold bars, an extra INR 66 crore ($8.3 million) in FDs and 73 lakh (just under $100,000) in cash.
The statement by the Enforcement Directorate revealed the amount of money, funneled to China, is about half…
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