Vivo money laundering case: Don’t target our firms, China warns India

Beijing will provide consular protection and assistance to two Chinese employees of smartphone manufacturer Vivo, who were arrested by the Enforcement Directorate (ED) in connection with a money laundering probe. The Chinese government supports Chinese companies and urges India to not discriminate against them. The ED had earlier arrested three Vivo-India executives, including interim CEO Hong Xuquan, CFO Harinder Dahiya, and consultant Hemant Munjal. The accused are currently in ED custody. The action is part of the Centre’s efforts to tighten checks on Chinese entities involved in financial crimes in India.