<ul><li>A Delhi court has summoned top Vivo executives, including CEO Shen Wei, CFO Chen Yu Fen, and India CEO Zhiyong Chen, in connection with an INR 20,241 Cr money laundering case.</li><li>Vivo executives have been asked to appear before the court on May 13 following a supplementary chargesheet filed by the Enforcement Directorate. The court noted sufficient material for further proceedings.</li><li>The executives are accused of creating an elaborate network of companies to arrange and siphon off money improperly outside India. Foreign nationals summoned through the Ministry of Home Affairs to appear on August 18 under the PMLA.</li><li>The ED had filed a money laundering case against a Vivo distributor in Jammu and Kashmir, leading to investigations that uncovered fund misappropriation and tax avoidance, with INR 465 Cr seized from various entities.</li></ul>

Delhi Court Summons Top Vivo Executives In Money Laundering Case

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