<p>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.</p>.<p>The high court also allowed Vivo to operate its various bank accounts on furnishing of a bank guarantee of Rs 950 crore with the Enforcement Directorate, which contended that presently the proceeds of crime has been quantified to Rs 1,200 crore, within a week.</p>.<p>The court also asked the company to maintain a balance of Rs 251 crore in the bank accounts, which was there at the time of freezing of the accounts.</p>.<p>The court granted one week to the ED to file its response to the petition and listed the matter for further hearing on July 28.</p>.<p>Besides quashing the freezing order, Vivo has sought permission to deal with its frozen bank accounts for making payments towards certain liabilities.</p>.<p>The probe agency on July 5 had raided several places across the country in the money laundering investigation against Vivo and related firms.</p>.<p>The searches were carried out under the Prevention of Money Laundering Act (PMLA) in several states, including Delhi, Uttar Pradesh, Meghalaya, and Maharashtra. </p>
<p>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.</p>.<p>The high court also allowed Vivo to operate its various bank accounts on furnishing of a bank guarantee of Rs 950 crore with the Enforcement Directorate, which contended that presently the proceeds of crime has been quantified to Rs 1,200 crore, within a week.</p>.<p>The court also asked the company to maintain a balance of Rs 251 crore in the bank accounts, which was there at the time of freezing of the accounts.</p>.<p>The court granted one week to the ED to file its response to the petition and listed the matter for further hearing on July 28.</p>.<p>Besides quashing the freezing order, Vivo has sought permission to deal with its frozen bank accounts for making payments towards certain liabilities.</p>.<p>The probe agency on July 5 had raided several places across the country in the money laundering investigation against Vivo and related firms.</p>.<p>The searches were carried out under the Prevention of Money Laundering Act (PMLA) in several states, including Delhi, Uttar Pradesh, Meghalaya, and Maharashtra. </p>