ED files chargesheet alleging Vivo China siphoned Rs 70,000 crore from India

The Enforcement Directorate (ED) has filed a supplementary chargesheet against Vivo China, alleging that the company “controlled and monopolized all the operations of Vivo Mobiles in India through Vivo India and its 23 state distributor companies,” according to an exclusive report by the Indian Express. The ED alleges that the company siphoned off Rs 70,000 crore from India “under the garb of imports.”