Recently, Indian authorities arrested executives of vivo India on the grounds of "anti-money laundering investigation". This incident has attracted widespread attention in our country, and vivo responded that it will take legal measures. Let me share my views on this incident.
First of all, in recent years, anti-money laundering has become the focus of attention of all countries around the world. India has launched an anti-money laundering investigation against vivo India, but whether there is any real evidence needs to be further verified.
Secondly, the detention of senior executives of vivo India also reminds companies doing business overseas to pay attention to compliance operations. In addition, this incident is a warning to other Chinese companies doing business in India, and at the same time, they should also see the huge potential of the Indian market, strengthen their confidence, actively expand their business, and operate in compliance.
To sum up, I believe that the arrest of vivo India's executives has triggered reflections on corporate compliance operations, strengthening risk management and control, and complying with the laws of various countries. We should learn from this and strengthen internal risk management and control to ensure that our business is legal and compliant.