The Enforcement Directorate (ED) has arrested four persons including the MD of the Lava International mobile company and a Chinese national as part of its ongoing money-laundering probe against Chinese smartphone-maker Vivo.
The four arrested persons are Hari Om Rai, the MD of Lava International company, Chinese national Guangwen Kyang, Chartered Accountant Nitin Garg and a person identified as Rajan Malik, officials said.
They have been taken into custody under the Prevention of Money Laundering Act (PMLA).
Lava International, a domestic mobile device manufacturing company, claims to have 1-2 per cent share in the smartphone market.
