Govt probing ZTE, Vivo for alleged financial improprieties: Report

Govt probing ZTE, Vivo for alleged financial improprieties: Report

• By Staff Writer

Corporate Affairs Ministry is probing the local units of China's ZTE Corp and Vivo Mobile Communications for alleged financial improprieties, Bloomberg reported. The ministry will scrutinize auditor reports and has received information that indicates a potential violation, including fraud. Enforcement Directorate had last month seized Xiaomi Technology India's assets worth ₹5,551.27 crores.