[Vivo money laundering case] Delhi High Court allows Chinese firm to operate its bank accounts

Justice Yashwant Varma directed Vivo to furnish a bank guarantee of ₹950 crores and maintain a balance of ₹250 crores in its accounts.
[Vivo money laundering case] Delhi High Court allows Chinese firm to operate its bank accounts

The Delhi High Court on Wednesday allowed Chinese smartphone manufacturer Vivo to operate its bank accounts on the condition that it furnishes a bank guarantee of ₹950 crores and maintains ₹250 crores in its accounts.

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