Big relief to Vivo, HC lifts ban on bank accounts, will have to give bank guarantee of Rs 950 crore
The Enforcement Directorate of India (ED) last week took action against Chinese smartphone company Vivo and seized hundreds of crores of rupees from its many bank accounts. Vivo is alleged to have ‘illegally’ transferred Rs 62,476 crore to China to avoid paying taxes in India. After the matter came to light, the ED had frozen … Read more