Abstract : As part of its investigations into potential violations of the Prevention of Money Laundering Act (PMLA) by the Chinese smartphone manufacturer and its associates, the Enforcement Directorate (ED), the nation's financial watchdog, recently carried out raids on 44 offices belonging to Vivo India and its affiliated businesses. The smartphone manufacturer Vivo allegedly transferred a staggering Rs 62,476 crore "illegally" to China in order to avoid paying taxes in India, according to the Enforcement Directorate.
Cite : Vashishth, A., & Roy, S. K. (2022). A Case Study on Prevention of Money Laundering Act (1st ed., p. 60). Noble Science Press. https://doi.org/10.52458/9789391842536.nsp2022.eb.asu.c12
