INTERNATIONAL DESK: The Directorate of Enforcement (ED) arrested four people including, the managing director of Lava International, a Chinese national in connection with its money laundering investigation against Chinese mobile brand Vivo under the provisions of the Prevention of Money Laundering Act, 2002, sources said on Tuesday.
The ED conducted raids on the premises of an accused person on October 9 and seized cash amounting to more than Rs 10 lakhs, informed sources adding, that the officials arrested four accused who have been identified as Guangwen Kyang alias Andrew Kuang, the Chinese National, Hari Om Rai, the MD of Lava International, Rajan Malik, and Nitin Garg, a Chartered Accountant.
“It was revealed that the PMLA investigation by ED was initiated by registering a money laundering case on February 3, 2022,” sources said further.
This is a developing story. Further details are awaited. (ANI)
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