Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Money laundering case: ED charge sheet against Vivo
The Morning Standard
|December 08, 2023
As per the reports, the complaint was lodged on Wednesday in a special court, invoking the criminal sections of the Prevention of Money Laundering Act (PMLA). Vivo-India has been identified as an accused alongside individuals previously apprehended in connection with the case.
-
The four people arrested in the case are mobile company Lava's Hari Om Rai, Chinese national Guangwen (also known as Andrew Kuang), and Chartered Accountants Nitin Garg and Rajan Malik.
It remitted 62,476 crore, nearly 50% of the turnover out of India, mainly to China. The remittances were made in order to disclose huge losses in Indian incorporated companies to avoid taxes payment in India, said ED in its statement earlier.
This story is from the December 08, 2023 edition of The Morning Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Morning Standard
The Morning Standard
US revokes Colombian president's visa
THE US State Department said it would revoke the visa of Colombia's leftist President Gustavo Petro, who returned to Bogota on Saturday after being accused of \"incendiary actions\" during a pro-Palestinian street protest in New York.
1 min
September 28, 2025
The Morning Standard
The Non-Brahmin Priests of Hinduism
RESURRECTING FAITH
3 mins
September 28, 2025
The Morning Standard
SHREE CHARANI LIVING HER DREAM
21-year-old from Andhra Pradesh, who was juggling between various sports before cricket, is all set to play in a ODI World Cup. Gomesh S tries to understand the making of the spinner
5 mins
September 28, 2025
The Morning Standard
Promises kept, Bihar people will celebrate 4 Diwalis: Shah
SETTING the poll agenda for BJP workers and leaders ahead of assembly elections, Union Home Minister Amit Shah on Saturday said people of Bihar will celebrate four Diwalis this year, each representing a different achievement or promise.
2 mins
September 28, 2025
The Morning Standard
Drone sightings raise alarm at Danish military facilities
Repeated activity disrupts air traffic, raising Europe security concerns
1 mins
September 28, 2025
The Morning Standard
Siddu goes on rounds, suspends engineers and keeps contractors on toes
CHIEF Minister Siddaramaiah's event-filled Bengaluru rounds led him to lose his cool several times and order the suspension of an engineer on Saturday.
1 mins
September 28, 2025
The Morning Standard
'Inhuman and humiliating': She lived to tell her harrowing tale
Had to wear prison clothes until my return to India, says 73-yr-old after being deported from US
2 mins
September 28, 2025
The Morning Standard
Battle for Asian high: More than just a final
Stage set for first ever Asia Cup final between India and Pakistan
2 mins
September 28, 2025
The Morning Standard
TN steadily moving to top in agri sector: CM
CHIEF Minister MK Stalin on Saturday took pride in saying that Tamil Nadu has been steadily moving towards the top rank in the agricultural sector, coming first in crop productivity, second in production of maize, oilseeds and sugarcane, and third in millets and groundnuts. He said 47,000 acres of barren land have been brought back under cultivation.
1 mins
September 28, 2025
The Morning Standard
Flavour Factory
In 2018, Raipur brothers Akash and Ashish Agrawalla founded ZOFF Foods—short for “Zone of Fresh Foods”—with a bold idea: revive the forgotten aroma of Indian spices using zero-human-touch processing and cool grinding technology. Early skeptics were silenced when a Delhi retailer toured their fully automated, dust-free plant and came away impressed. ZOFF now employs a workforce that is 70 per cent from Chhattisgarh, with senior leaders choosing Raipur over metro cities. Its spices travel far beyond the state, reaching homes across India and even the Middle East. Running a business from a Tier II city, CEO Akash admits, has its hurdles—limited packaging vendors, testing labs, and slower freight timelines—but the benefits are clear: lower costs, access to fresh raw materials, and a community that celebrates their growth as its own.
1 min
September 28, 2025
Translate
Change font size