Vivo is a company

Chinese mobile phone maker and retailer Vivo has temporarily stopped airing advertisements featuring brand ambassador Virat Kohli on Vivo Mobiles’ television and social media platforms until it fully resolves money laundering concerns.

Virat Kohli

While ads play a major role in Virat Kohli’s highest grossing segment, Vivo’s ban on displaying ads is seen as a major setback. Vivo has been under investigation for everything from money laundering and money laundering to forging documents and hiring Chinese officials as CEOs.

62,476 crore

According to the Enforcement Directorate, the Indian unit of Chinese smartphone manufacturing and sales company Vivo has planned to send 50 percent of its total turnover of Rs 62,476 crore to China to avoid paying taxes in India.

Test

During the raid conducted by the enforcement department at 44 locations of Vivo and 23 locations of related companies, Rs 465 crore, Rs 73 lakh cash and 2 kg gold bars were seized in 119 bank accounts of various companies.

Fake documents

Two Chinese directors of Solan, a Himachal Pradesh-based company linked to Vivo, have left India. According to Business Insider, Solan’s two directors are Chinese nationals and have forged documents as directors in Indian companies.

case

Meanwhile, it has been decided to file a case in the Delhi High Court against the allegations of the Enforcement Department.

30 brands

He is the brand ambassador of 30 brands including Vivo, Audi Luxury Cars, American Tourist Luggage, Puma, Tissot Watches, Myntra Fashion, Go Digit General Insurance and Hyperize Health. Virat Kohli is the highest paid celebrity in India.