A Delhi court has recently extended the judicial custody of 4 people accused in the money laundering case against Chinese smartphone maker Vivo till December 7.
The accused include the managing director of Lava International mobile company and a Chinese national.
Additional Sessions Judge Devender Kumar Jangala passed the order on an application moved by the ED.
The 4 arrested are Lava International Managing Director Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik.
Advocate Nitesh Rana, appearing for Rai, opposed the ED’s application for extension of their judicial custody, stating it can’t be done “mechanically and automatically”.
Rana told the court, “There is no fresh material to extend the judicial custody, application seeking custody is mechanical and there is no allegation of non-cooperation against Hari Om Rai.”
The agency raided the company and people linked to it in July last year and claimed to have busted “a major money laundering racket involving Chinese nationals and multiple Indian companies”.
The ED then alleged a whopping Rs 62,476 crore was “illegally” transferred by Vivo to China in order to avoid paying taxes in India.
A Mumbai court has convicted Shiv Sena (UBT) leader Sanjay Raut in a defamation case…
The Rouse Avenue court on Thursday recorded the emotional testimony of Lakhvinder Kaur, widow of…
Former minister Satyendar Jain, currently in jail, urged the Delhi High Court on Thursday to…
The Supreme Court is set to hear a series of petitions on Friday regarding the…
The Supreme Court on Thursday delivered a groundbreaking judgment on Thursday, declaring caste-based discrimination in…
The Supreme Court on Thursday has granted bail to Chhattisgarh businessman Sunil Dammani, who was…