Money laundering case: Delhi court summons foreign, Indian officials of Vivo

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A Delhi court has summoned Chinese multinational technology company Vivo Mobile Communication CEO, CFO, and Vivo Mobile India CEO in a Rs 20,241 crore money laundering case.

Additional Sessions Judge Kiran Gupta summoned Vivo Mobile Communication CEO Shen Wei, CFO Chen Yu Fen, and Vivo Mobile India CEO Zhiyong Chen on May 13 while taking cognisance of a supplementary chargesheet filed against them.

“There is sufficient material available on record and grounds exist for proceeding further in the matter qua the accused persons as named in the…



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Money laundering case: Delhi court summons foreign, Indian officials of Vivo


A Delhi court has summoned Chinese multinational technology company Vivo Mobile Communication CEO, CFO, and Vivo Mobile India CEO in a Rs 20,241 crore money laundering case.

Additional Sessions Judge Kiran Gupta summoned Vivo Mobile Communication CEO Shen Wei, CFO Chen Yu Fen, and Vivo Mobile India CEO Zhiyong Chen on May 13 while taking cognisance of a supplementary chargesheet filed against them.

“There is sufficient material available on record and grounds exist for proceeding further in the matter qua the accused persons as named in the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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