In the ongoing Vivo money laundering case, the additional sessions court has remanded Hari Om Rai, the Chairman and Managing Director of Lava International, and three others to three days in Enforcement Directorate (ED) custody.
The ED had earlier requested the court for a 10-day custody of Rai and the three other accused. However, the court granted only three days of custody. The decision was made after careful consideration of the arguments presented by both sides.
Hari Om Rai is a prominent figure in the Indian mobile manufacturing industry and his involvement in the case has sent shockwaves through the sector. The details of the other three individuals remanded in custody have not been disclosed yet.
The Vivo money laundering case has been under investigation for some time now. The remand of Rai and others marks a significant turn in the investigation. The ED is expected to carry out intensive questioning of the accused over the next three days.
