Officials raid offices of Chinese-owned India phone company
https://apnews.com/6dace23ed0ab6f9a7c71965ed5008649
NEW DELHI (AP) — Indian investigators said Thursday they have searched dozens of offices of the Chinese-owned VIVO Mobiles India Private Limited as part of an investigation focusing on allegations of money laundering by the smartphone maker.
India’s Enforcement Directorate in a statement said it seized 119 bank accounts with 4.65 billion rupees ($58.76 million), 2 kilograms (4.4 pounds) of gold bars and 7.3 million rupees ($92,405) in cash during the raids this week of the company owned by China’s BBK Electronics. The directorate is India's financial crime investigation agency.