New Delhi: The Enforcement Directorate has arrested the MD of Lava International mobile company, a Chinese national, a Chartered Accountant and another person as part of its ongoing money-laundering probe against Chinese Smartphone maker Vivo, official sources told a news agency on Tuesday.
The four were taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA).They are expected to be produced before a court here where the ED will seek their custody.
The agency had raided the company and its linked persons in July last year, claiming to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies.
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