China On Vivo Raids: India's frequent investigations are harming the goodwill of the companies


Following the intensification of the Enforcement Directorate's (ED) investigation into the Chinese smartphone maker Vivo over allegations of money laundering, China responded by claiming that India's frequent investigations are harming the goodwill of the companies in question.


Wang Xiaojian, spokesperson for the Chinese Embassy in India, stated on Wednesday, "The frequent investigation of Chinese companies by the Indian side disrupts the normal business activities of the companies and damages the companies' goodwill." The Chinese embassy's remarks come as two Chinese nationals working as directors at Vivo India, Zhengshen Ou and Zhang Jie, have fled the country in the face of the ED's investigation into Vivo. After taking cognizance of a FIR alleging that some Chinese stakeholders in Vivo forged their identity documents, the ED conducted searches at 44 locations across the country on Tuesday.

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