VIVO India executive was arrested, the company responded: Deeply shocked and will take legal measures – Mobile Finance Industry

2023-12-24 07:50:23

VIVO India executive arrested, company responds: deeply shocked and will take legal measures

Viewpoint Network

2023-12-24 15:50:23

Viewpoint News: On December 24, it was reported that the Indian authorities arrested two employees of the Indian branch of the Chinese mobile phone manufacturer vivo in the name of combating financial crimes.

Reference news quoted Hong Kong’s “Sing Tao Daily” website reporting on December 24 that the two senior executives arrested were the interim chief executive officer (CEO) and chief financial officer (CFO) of vivo’s Indian branch.

Vivo responded that it was “deeply shocked” and a spokesperson for the company said: “The recent arrests indicate that harassment continues and brings uncertainty to the entire industry.”

The company emphasized that it will resolutely use all legal means to deal with this challenge.

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