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oi-Vicky Nanjappa
Beijing, July 07: Requested concerning the ongoing raids on Vivo workplaces in a number of places in India, Chinese language International Ministry spokesman Zhao Lijian informed a media briefing right here that the Chinese language facet is intently following the developments on this matter.
“As I’ve burdened many occasions, the Chinese language authorities has at all times requested Chinese language firms to abide by legal guidelines and laws when doing enterprise abroad,” Zhao mentioned, based on information company PTI.
“Within the meantime, we firmly help Chinese language firms in safeguarding their lawful rights and pursuits,” he mentioned.
“We hope the Indian authorities will abide by legal guidelines as they perform the investigation and enforcement actions and supply a very truthful, simply and non-discriminatory enterprise atmosphere for Chinese language firms investing and working in India,” the spokesman mentioned.
The Enforcement Directorate (ED) raided no less than 44 locations throughout India on Tuesday in a money-laundering investigation in opposition to Chinese language smartphone producer Vivo and associated companies.
Raids on Vivo: China hopes for a ‘truthful’ probe in accordance with regulation
The searches have been carried out beneath sections of the Prevention of Cash Laundering Act (PMLA) at places in a number of states together with Delhi, Uttar Pradesh, Meghalaya and Maharashtra.
A Vivo India spokesperson mentioned they’re cooperating with authorities.
The motion is being seen as a part of the Union authorities’s steps to tighten checks on Chinese language entities and the continued crackdown on such companies and their linked Indian operatives which are allegedly indulging in critical monetary crimes like cash laundering and tax evasion whereas working in India.
The stepped-up motion in opposition to the Chinese language-backed firms or entities working in India comes within the backdrop of the army stand-off between the 2 international locations alongside the Line of Precise Management (LAC) in japanese Ladakh has been ongoing for greater than two years now.
PTI
Story first printed: Thursday, July 7, 2022, 12:28 [IST]
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