A Delhi court docket on Wednesday supplied bond to a authorized accounting skilled detained by the Enforcement Directorate (ED) in a money laundering scenario linked to Chinese sensible telephone enterprise Vivo.
Additional periods court docket Kiran Gupta supplied bond to Rajan Malik, that was detained in October 2023.
The court docket authorised the entry of Malik’s lawyer Hemant Shah, that steered that no goal will definitely be provided by lengthening the guardianship of his buyer.
The ED had really asserted to have really damaged a major money laundering noise entailing Chinese nationals and several other Indian companies.
The ED had really affirmed that Rs 62,476 crore was “illegally” siphoned off by Vivo to China to avert tax obligations in India.
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