6 days ago
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Rai was arrested connected wealth laundering charges successful a lawsuit against Vivo India and others. (File)
The Delhi High Court connected Wednesday granted bail to the managing manager of mobile telephone institution Lava International, Hari Om Rai, successful transportation to a ED wealth laundering lawsuit involving smartphone-maker Vivo, taking into relationship that the proceedings is not apt to beryllium completed anytime successful adjacent future.
The tribunal of Justice Manoj Ohri, portion noting that Rai has been successful custody since October 10, 2023, besides recorded that of the 7 accused arrested successful the case, the apprehension of 3 were declared amerciable by the proceedings tribunal connected December 30, 2023 and different 3 person already been released connected bail.
The tribunal further noted that the proceedings is astatine a nascent signifier and charges are yet to beryllium framed.
Rai was arrested connected wealth laundering charges successful a lawsuit against Vivo India and others.
In 2022, the ED had initiated a probe against Vivo alleging that it acquired proceeds of transgression worthy Rs 20,241 crore, which Vivo India siphoned to overseas trading companies, galore of which are successful power of China. The prosecution ailment initially named 48 accused, and a supplementary chargesheet filed connected February 19, added the names of 5 much accused.
The ED had alleged that the accused cheated the authorities by entering India successful a “disguised and fraudulent mode to acceptable up an elaborate Chinese-controlled web passim the country” with Vivo employees allegedly moving without due visas and violating employment visa rules.
According to ED, Rai extended invitations to Chinese nationals, who, during their enactment successful India, committed the predicate offence by utilizing forged licenses to unfastened slope accounts. They allegedly besides committed illegalities successful the visa obtainment process.
The tribunal successful its bail bid recorded that of the 193 visas issued to Chinese nationals who had travel successful the discourse of Vivo India and its authorities organisation companies, the Indian institution stated to beryllium progressive successful their visa process is GPICPL (Grand Prospect International Communication Pvt Ltd).
“…no worldly impervious has been brought to the attraction of this tribunal to beryllium that… 2 Chinese nationals had travel to India connected invitations sent by the applicant (Rai). Moreover, admittedly, the invitation letters were issued betwixt December 2013 to April 2014. The play of offence arsenic per the FIR…is 03.12.2014 to 13.12.2021, i.e. consequent to the issuance of invitation letters. Nothing has been shown to beryllium that the applicant (Rai) was alert that an offence was going to beryllium committed connected relationship of him extending the said invitations,” the tribunal said.
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