Vivo siphoned off ₹70,800 crore from India under the garb of imports: ED

Vivo has remitted ₹70,837 crore outside India under the "garb of payments for imports of goods" since 2014, according to the ED's supplementary chargesheet. These entities were based in Hong Kong, Samoa and British Virgin Islands. Vivo China "created a web of overseas trading companies" which was designed "under a corporate veil to hide their beneficial ultimate owner", alleged ED.