Reuters revealed India’s federal financial crime fighting agency has summoned a former India head of China’s Xiaomi, in an investigation of whether the company’s business practices conformed with Indian foreign exchange laws. The Enforcement Directorate has been probing the company since at least February, and in recent weeks asked Manu Kumar Jain, Xiaomi’s former India managing director, to appear before its officers.
Business & FinanceGovernmentPolitics
12 April 2022, 7:29 pm. 1 minute
Article Tags
Topics of Interest: Business & FinanceGovernmentPolitics
Type: Reuters Best
Sectors: Business & FinanceEconomy & PolicyFinancial ServicesGovernment & Public Services
Regions: Asia
Media Types: Text
Customer Impact: Important Regional Story