India raids office of China's Vivo over financial allegations

NEW DELHI, India: A senior government official and an industry executive told Reuters that India's financial crime-fighting agency, the Enforcement Directorate, has raided the offices of Chinese smartphone maker Vivo.

Local media reported that the searches by the directorate are part of an investigation into suspected money laundering.

In an emailed statement, a Vivo spokesperson said, "Vivo is cooperatin