The
police complaint was filed by the Corporate Affairs Ministry alleging that
GPICPL and its shareholders used "forged" identification documents
and "falsified" addresses at the time of incorporation of the company
in December 2014.
New Delhi: The Enforcement Directorate filed its first charge sheet in connection with its money laundering probe against Chinese smartphone maker vivo-India 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 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 persons in July last year, claiming to have
busted a major money laundering racket involving Chinese nationals and multiple
Indian companies.
The ED had
then alleged that a whopping Rs 62,476 crore was "illegally"
transferred by vivo-India to China to avoid payment of taxes in India. The
company had said that it "firmly adheres to its ethical principles and
remains dedicated to legal compliance." Rai had recently told a court here
that though his company and vivo-India were in talks to launch a joint venture
in India a decade ago, he had nothing to do with the Chinese firm or its
representatives since 2014.
"He has
not derived any monetary benefit, nor has he engaged in any transaction with
vivo-India or any entity allegedly related to vivo, let alone having been
associated with any alleged 'proceeds of crime'," Rai's lawyer told the
court.
The agency filed an
enforcement case information report (ECIR), the ED equivalent of a police FIR,
on February 3 after studying a Delhi Police FIR of December last year against
an associated company of vivo-India, Grand Prospect International Communication
Pvt Ltd (GPICPL), its directors, shareholders and some others professionals.
The
police complaint was filed by the Corporate Affairs Ministry alleging that
GPICPL and its shareholders used "forged" identification documents
and "falsified" addresses at the time of incorporation of the company
in December 2014.
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Credit: ZEE NEWS
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