India’s financial crime-fighting agency on Tuesday raided the offices of smartphone maker Vivo, owned by China’s BBK Electronics, and its related entities, a senior government official and an industry executive told Reuters.

The searches by the Enforcement Directorate are part of an investigation into suspected money laundering, local media reported.

“Vivo is cooperating with the authorities to provide them with all required information,” a Vivo spokesperson said in an emailed statement. “As a responsible corporate, we are committed to be fully compliant with laws.”

The Directorate did not respond to requests for comment.

The sources declined to be named as the probe is not public.

The raids at Vivo come months after the Enforcement Directorate launched an investigation into Xiaomi Corp, one of India’s leading smartphone sellers, for alleged illegal remittances abroad “in the guise of royalty” payments.

Xiaomi has denied any wrongdoing, and alleged in court that its top executives faced threats of “physical violence” and coercion during questioning by officials at the Directorate. The agency denied the allegations.

Many Chinese companies have struggled to do business in India due to political tensions following a border clash in 2020.

India has cited security concerns since banning more than 300 Chinese apps, and also tightened norms for Chinese companies investing in India.

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Water vision
01 May, 2026

Water vision

WATER insecurity in Pakistan has been building up for decades as per capita water availability has declined from...
Vaccine policy
01 May, 2026

Vaccine policy

PAKISTAN has finally approved its first National Vaccine Policy; a step the health ministry has rightly described as...
Labour rights
Updated 01 May, 2026

Labour rights

THE annual observance of May Day should move beyond statements about the state’s commitment to the rights of...
UAE’s Opec exit
Updated 30 Apr, 2026

UAE’s Opec exit

THE UAE’s exit from Opec is another sign of the major geopolitical shifts that are reshaping the global order. One...
Uncertain recovery
30 Apr, 2026

Uncertain recovery

PAKISTAN’S growth projections for the current fiscal present a cautiously hopeful picture, though geopolitical...
Police ‘encounters’
30 Apr, 2026

Police ‘encounters’

THE killing of nine suspects by Punjab’s Crime Control Department across Lahore, Sahiwal and Toba Tek Singh ...