HC asks ED to respond to Vivo's plea against freezing bank accounts

The Delhi high court on Wednesday sought response of the Enforcement Directorate (ED) on a plea by Chinese smartphone maker Vivo seeking quashing of an order freezing its various bank accounts in connection with a money laundering probe initiated against it. It also allowed Vivo to operate its various bank accounts on furnishing of a bank guarantee of Rs 950 crore with the ED. https://ift.tt/m5HQtE8