Financial police have condemned Indian authorities’ investigation into Chinese companies operating in Beijing, following a raid on the Indian office of Dongguan-based mobile phone maker Vivo.
“The Indian side’s frequent investigations into Chinese companies not only disrupt the normal business activities of the enterprises but also harm the goodwill of the enterprises,” the Chinese embassy in India said in a statement issued late on Wednesday.
“[It] It also hinders its improvement [the] It cools the business environment in India and the confidence and will of market entities in other countries. . . Investing and working in India. ”
The Enforcement Directorate (ED) of India, the law enforcement agency responsible for economic and financial crimes, raided more than 40 Vivo offices across India on Tuesday evening, according to Indian media reports. The agency was investigating irregularities in the company’s ownership, the report said.
The move comes after a dispute with another Chinese smartphone maker, Xiaomi, over royalty payments. ED seized more than 700 700 million from Xiaomi in April for violating the country’s foreign exchange laws.
Xiaomi said it was awaiting an Indian court order on an appeal against the seizure, adding that all royalty payments were “valid and under a valid legal agreement”.
The ED later denied allegations that it forced Xiaomi officials to make their statements, the company claimed in a court filing after Reuters reported.
Vivo says it is working with authorities to provide them with the information they need. The ED did not immediately respond to a request for comment.