A Delhi court on Friday prolonged the Enforcement Directorate (ED) custody of four individuals arrested in a cash laundering case in opposition to Chinese smartphone maker Vivo. The custody has been prolonged for three days. The four individuals, whose custody has been prolonged, embody a Chinese official Guangwen Kyang aka Andrew Kuang, Managing Director of Lava International Hari Om Rai, a Chartered Accountant Nitin Garg, and Rajan Malik.
Earlier on October 10, they have been arrested as half of its ongoing investigation in opposition to Chinese smartphone maker Vivo below the Prevention of Money Laundering Act (PMLA).Â
Accused have been produced in court
Additional Sessions Judge Devender Kumar Jangala despatched the accused to three-day ED custody after the anti-money laundering company sought their remand for 10 days for additional custodial interrogation. This got here after all four accused have been produced within the court on Friday on expiry of their preliminary custody.Â
During the proceedings, the prosecution sought an extension of their custody in order that they may very well be interrogated additional. It mentioned they needed to be confronted with 13 witnesses and digital information from a number of units needed to be extracted.
What the defence counsel contended?Â
The defence counsel opposed the company’s plea, claiming the ED was participating in a “flagrant violation of procedures”. The company had raided the corporate and people linked to it in July final 12 months, claiming to have busted a significant cash laundering racket involving Chinese nationals and a number of Indian firms. The ED had then alleged {that a} whopping Rs 62,476 crore was “illegally” transferred by Vivo to China in an effort to keep away from cost of taxes in India.
(With PTI inputs)
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