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