Why ED arrested Lava International MD Hari Om Rai ...Middle East

New Delhi: In a big action against the Chinese mobile phone maker Vivo, the Enforcement Directorate (ED), India’s financial probe agency arrested four persons, including a Chinese national and Hari Om Rai, the MD of Lava International. The ED, however, mentioned that the arrest of Rai in money laundering case came as he was approached by Vivo, China for helping them in establishing their business in India and he provided initial funding of Rs 3.17 crore for setting up offices and residential accommodation of Chinese national of Vivo Mobile India Pvt Ltd and its state distributor companies through Labquest Engineering Private Limited. The ED in its remand note alleged that Rai, the Managing

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