• Thu. Aug 18th, 2022

Chinese officials linked to phone maker Vivo have fled India: Sources

ByRandall B. Phelps

Jul 6, 2022

Defendants Zhenshenou and Zhang Jie allegedly misrepresented their identities on documents, the sources said.

Vivo and related companies have been sought by the Directorate of Law Enforcement (Representational/AFP)

Two directors of a company linked to Chinese phone maker Vivo are believed to have fled India, sources told India Today TV. Both are Chinese nationals, they said.

Defendants Zhenshenou and Zhang Jie – two of three directors of Grand Prospects International Communications Private Limited, allegedly misrepresented their identities on documents, they added.

This comes a day after the Directorate of Law Enforcement (DE) raided several locations across the country directly and indirectly linked to Vivo and its related companies. More than 30 places were excavated. The agency, during searches, found that senior company officials were missing.

Earlier, the financial polling firm seized the assets of another Chinese smartphone giant, Xiaomi, under the Foreign Exchange Management Act (FEMA). The agency seized Rs 5,551.27 crore from Xiaomi India under the provisions of the law. Xiaomi India is a 100% subsidiary of the Chinese Xiaomi Group.

The ED had opened an investigation into illegal money transfers made by Xiaomi in February this year.

Chinese mobile phone companies have been under income tax and ED scrutiny. According to the polling agency, Xiaomi started its operations in India in 2014 and started handing out the money from 2015.

Read also: | ED raids multiple sites linked to Chinese mobile phone companies

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