Probe Agency's Custody Of Chinese National In Money-Laundering Case Upheld
The Delhi High Court has refused to interfere with a trial court order sending Chinese national Guangwen alias Andrew Kuang to three-day Enforcement Directorate custody in a money laundering case against Chinese smartphone maker Vivo. Justice Swarana Kanta Sharma, in an order released on Saturday, dismissed a petition by Kuang -- an office bearer of Vivo Mobile India -- challenging the trial court order of remand, noting that as per the grounds of arrest and the remand application, the petitioner, "one of the main conspirators", was involved in the incorporation of the companies throughout the country for acquiring and siphoning off proceeds of crime. "Ultimately, the investigating officer had concluded (in grounds of arrest) that the present petitioner was the prime conspirator of the formation of these companies through which acquisition of proceeds of crime had taken place and which, after layering and integration, had been siphoned off by Vivo India," the cour...