Delhi High Court Seeks ED's Response on Lava MD Bail Plea in Vivo Money Laundering Case

The Delhi High Court has requested the Enforcement Directorate's (ED) stance on Hari Om Rai's bail plea. Rai, the Managing Director of Lava International, faces charges in a money laundering case involving Vivo. The court demands responses on the arrest's legitimacy amid allegations of massive financial misconduct linked to Vivo-India.

The Delhi High Court has issued a notice to the Enforcement Directorate (ED), seeking its stance on the bail plea filed by Hari Om Rai, Managing Director of Lava International, in connection with a money laundering case involving Chinese smartphone maker Vivo.

Presiding over the matter, Justice Manoj Kumar Ohri also asked the ED to respond to Rai's petition challenging the legitimacy of his arrest. The case arose after Rai was detained by the ED last October, amid serious charges concerning financial misconduct by Vivo-India.

The ED previously submitted a charge sheet against Vivo-India under the Prevention of Money Laundering Act, alleging the illicit transfer of Rs 62,476 crore to China. Vivo has denied these accusations, emphasizing its adherence to ethical practices and legal compliance.

(With inputs from agencies.)