ED: Vivo China siphoned off Rs 70,000 crore under garb of imports

“Siphoning off” Rs 70,000 crore from India under the “garb of imports”, controlling Vivo India from Room 901 in a Hong Kong building — these are among the several allegations in a chargesheet filed by the Enforcement Directorate against Chinese company Vivo.

“Vivo China controlled and monopolised all the operations of Vivo Mobiles in India through Vivo India and its 23 SDCs (state distributor companies),” alleged the supplementary chargesheet filed by the agency.