Xiaomi under the radar. India is investigating possible violations of law by the Chinese giant

India’s Federal Financial Crimes Agency has summoned the former Indian head of Xiaomi to investigate whether the company’s business practices comply with Indian law.

Manu Kumar Jain formerly served as former managing director of Xiaomi India and is now vice president of the entire company. The source notes that Kumar Jain has recently been living in Dubai, but is now in India. Whether his whereabouts are relevant to the investigation by the Indian authorities is unknown – he himself has not commented on the situation.

Xiaomi itself said that the company complies with all laws in India.

We are cooperating with the authorities in their ongoing investigation to make sure they have all the information they need

The action by Indian regulators suggests an increased focus on the Chinese smartphone maker, whose office in India was raided in December as part of a separate investigation into alleged income tax evasion. The agency is looking into existing interactions between Xiaomi India, its contract manufacturers and its parent organization in China.

Previous Post

Russians can’t pay with “Mir” cards through SberPay

Next Post

The PlayStation VR 2 headset will not be released this year. New data says it will not come out until 2023

Related Posts