homebusiness NewsICEA says with arrest of Hari Om Rai, industry morale is at an all time low

ICEA says with arrest of Hari Om Rai, industry morale is at an all time low

Mobile and Electronics Industry Body ICEA says Lava Chairman Hari Om Rai's arrest has demoralised National Champions. The ICEA also records the contributions of Hari Om Rai to the domestic industry.

By Ashmit Kumar  Oct 14, 2023 7:19:09 PM IST (Published)

2 Min Read

In a strongly worded statement, industry body India Cellular and Electronics Association (ICEA), representing the Mobile and electronics industry has issued a statement condemning the arrest of Chairman and MD of Lava International, Hari Om Rai. In its statement, the ICEA claimed that the arrest has caused the industry morale to dip to an all-time low. The statement records that the National Champions of domestic industry, has been demoralised.
The statement comes in response to the Enforcement Directorate (ED) arresting Hari Om Rai and 3 other accused in its investigation into the Chinese phone maker, Vivo. The ED had arrested him on October 10. On the same day, he was remanded to 3 days of custodial interrogation by the Additional Sessions Judge Devender Kumar Jangala. On October 13, his remand with ED was extended for another 3 days.
In the statement, the ICEA notes, “We want to assure them that we have full confidence in India’s regulatory and judicial system and we are sure that he will emerge from the clouds and continue to champion the development of our industry which is critical in building the nation.”