Titanium Media App reported on May 9 that Indian law enforcement agencies have recently accused Chinese technology company Xiaomi (India) of violating the country’s foreign exchange management law, freezing its approximately 55.5 billion rupees (approximately approx. 4.8 billion yuan) funds. According to a court document disclosed by Reuters on the 7th, Xiaomi (India) said that the company’s former general manager Manu Kumar Jain and CFO Samir Rao and their families were being questioned by Indian law enforcement agencies. Threats of "physical violence and coercion". The reporter asked Xiaomi about this, and as of the early morning of the 9th, there was no reply. (Source: Global Times)
media coverage
Titanium Media NetEase News TechWeb
event tracking
- 2022-05-09Xiaomi said Xiaomi India employees were coerced by Indian law enforcement agencies, source: India did not raid on a whim
- 2022-05-06Indian court lifts freeze on Xiaomi’s $725 million assets
- 2022-04-12Indian law enforcement agency summons former head of Xiaomi India to investigate whether he abides by foreign exchange laws
- 2020-06-28 Xiaomi India store signboard changed to “Made in India”, the person in charge said that public sentiment did not affect the business
- 2019-12-23India may become Xiaomi’s global manufacturing center
This article is reprinted from: https://readhub.cn/topic/8fRRndixeZK
This site is for inclusion only, and the copyright belongs to the original author.