The China-based tech giant, continuing its meteoric rise across the globe in vivowas rocked by a great event today. The company’s 40+ offices in India Issued by anti-money laundering services† The raid, which took place in days of escalating tensions between India and China, was sparked by money laundering charges against Vivo.

Vivo has been under surveillance in India for some time now. Forces of India’s Enforcement Directorate, Vivo’s whether he or she has made irregularities in the property and financial reporting. had been looking for months. The institution seized $725 million from another Chinese giant, Xiaomi, in April.

Here’s Vivo’s statement:

Vivo released a statement after the pressure was expressed in the media. Speaking to TechCrunch, Vivo India officials said the company is working with authorities to provide all necessary information. cooperated stated. Moreover “As a responsible company, we are committed to full compliance with the laws in India.he claimed.

While Chinese tech companies continue to dominate the smartphone market in India, India has signed some controversial restrictions on China. Due to ‘security problems’ in the country TikTok and PUBG Mobile apps were banned. This decision came as a result of tensions on the border of the two countries.

On the other hand, the Cellular and Electronics Association of India, a lobby of many tech giants such as Apple, Google and Amazon, called on the Indian government to intervene in the enforcement directorate in May. not understanding how royalty payments work in the tech industry accused.