ED had initiated investigation in connection with the illegal remittances made by the company in the month of February this year. Sources said the agency is investigating the company’s foreign funding, shareholding, its financial statements and related activities. Earlier this month, the agency had summoned Manu Kumar Jain, Xiaomi’s global vice-president. Jain’s statement was recorded at the agency’s Bengaluru office.
from Latest Telecom News | Latest Telecom Industry News, Information and Update: ET Telecom : ETTelecom.com https://ift.tt/Pf4r6ho
Saturday, April 30, 2022
ED seizes Rs 5,551 crore of Xiaomi India for alleged forex violation
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