India’s anti-money laundering agency said on Thursday that it seized 119 bank accounts containing 4.65 billion rupees ($58.75 million) from Indian businesses linked with Chinese smartphone maker Vivo for tax evasion.
The Indian Enforcement Directorate said that Vivo India remitted 62.47 billion rupees ($7.9 million), or almost 50 percent, of its total turnover outside the country, mainly to China.
