July 2022 and accused the company of tax evasion. The company allegedly remitted almost half of its turnover out of India. The Enforcement Directorate also blocked the bank accounts of the company to prevent further money laundering. The agency also found that some top executives of vivo who are Chinese had incorporated 23 shell companies in India, with the help of a Chartered Accountant, Nitin Grg. "These (23) companies are found to have transferred huge amounts of funds to vivo India. Further, out of the total sale proceeds of Rs 1,25,185 crore, vivo India remitted Rs 62,476 crore or almost 50 per cent of the turnover out of India, mainly to China", the ED said in a statement. Notes References External links Mobile phone manufacturers Mobile phone companies of China Electronics companies of China Companies based in Dongguan Electronics companies established in 2011 Chinese brands Chinese companies established in 2011 Privately held companies of China