By Arpan Chaturvedi and Aditya Kalra
Many employees of Chinese smartphone maker Vivo and its Indian affiliates concealed their employment when seeking visas, and some breached rules by visiting the “sensitive” Himalayan region of Jammu and Kashmir, India’s financial crime agency has said.
The court statement comes as tension rises with Beijing over business activities after New Delhi tightened curbs on incoming investment and banned hundreds of Chinese apps following border clashes in 2020 that killed 20 Indian and four Chinese troops.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
