- ED raids 44 locations across India in action against top Chinese mobile manufacturer Vivo
- Scrutiny against Chinese firms got tightened post tensions at border.
- Xiomi Corp. is another Chinese firm that has been on the radar of the probe agency.
Enforcement Directorate raids 44 locations across India in action against top Chinese mobile manufacturer Vivo and several firms linked to it. The development comes amid the government’s increased scrutiny of businesses that trace their origin to the neighboring country. Some of the states where searches are underway include Bihar, Jharkhand, Uttar Pradesh, Himachal Pradesh, Madhya Pradesh, Punjab, and Haryana.
The ne between the two nations, leading to multiple rounds of talks. More than 200 mobile apps have been banned since then. Pointing at the figures, bilateral trade between India and China stood at $125.66 billion which reveal willingness to take measures to advance normal trade ethics between the two nations.
Earlier in May, local unit of ZTE Corp and Vivo Mobile Communications Co. faced investigation for alleged financial irregularities. The books are still under scanner. Sources reveal that Xiomi Corp. is another Chinese firm that has been on the radar of the probe agency.