Today, On 14th May, Delhi High Court reserved decision on extending interim bail for Lava’s MD, Hari Om Rai, arrested in a money laundering case involving Vivo China. Rai seeks bail extension due to heart condition, citing risk of heart failure. Court emphasized need for specialized care in cardiac emergencies. ED alleges fraudulent activities by Chinese shareholders. __50__
Today (9th May): The Delhi High Court has issued a notice to the Enforcement Directorate (ED) in response to Lava Mobiles’ Managing Director Hariom Rai’s plea seeking an extension of interim bail in the Vivo PMLA case. The Court emphasized Rai’s critical health condition and scheduled a further hearing on May 13. This comes amid allegations of fraudulent activities involving Chinese shareholders of Grand Prospect International Communication Private Ltd. and the subsequent money laundering case.
