ED gets 3-day custody of top Vivo India execs

Court asks the agency to probe claims they were in custody since 21 Dec

- Gulveen Aulakh

Vivo India’s interim chief executive officer (CEO) Hong Xuquan, chief financial officer Harinder Dahiya and consultant Hemant Munjal were arrested by Enforcement Directorate (ED) on charges of money laundering and remanded to custody by a sessions judge in Patiala House Court for three days.

The order was issued on the grounds that the executives held critical positions, played a crucial role in acquiring ₹20,241 crore as proceeds of crime, and that the executives were not cooperating with the authorities. Interim CEO Hong Xuquan was cited as a witness in the previous complaint filed by the enforcement body earlier this month. ED said the custodial interrogation of the three accused was required for tracing and determining the money trail of the proceeds of crime. Mint has seen a copy of the order issued by the court.