According to the charge sheet, details of which have been accessed by ThePrint, the funds were remitted outside India since the company’s inception, to some trading companies that were hired with the “intent to create a masking layer so that control of Vivo, China, over these Indian companies does not come to the notice of the government authorities”.

ED charge sheet in Vivo case says ‘web of companies’ diverted Rs 1 lakh crore sent to China comes via ChinaTechNews.com.