Vivo India gets $58 million seized after a massive money laundering probe

The Enforcement Directorate of India carried out searches at 40 locations of Vivo India, and the state agency revealed details about the probe. According to an official press release, the company transferred INR 62,476 crore (that’s nearly $8 billion) to China. During the investigation, the ED seized 119 bank accounts with INR 465 crore (about…

EU Antitrust Regulators Probing Alliance for Open Media’s Video Licensing Policy, Ahead of Incoming EU Rules

Antitrust regulators in the EU are probing the video licensing policy of the Alliance for Open Media (AOM), according to the European Commission. The investigation will look into the policy of the group, that includes companies such as Google, Amazon, Apple, Meta, Netflix, YouTube, Microsoft, Mozilla, Cisco and Tencent. AOM aims to create a new…