@thetruism · 8d ago
India fraud office recommends detailed probe into Xiaomi
India's Serious Fraud Investigation Office has recommended a detailed probe into the local operations of Chinese smartphone maker Xiaomi. The proposed investigation reportedly targets the company's ownership, investment practices, and compliance with foreign investment rules.
Not moving quickly right now, but still current and open to further updates.
The numbers
New Delhi
Investigation under way in New Delhi
- India's Serious Fraud Investigation Office recommended a detailed probe into Xiaomi India.
- The proposed probe concerns foreign investment rules and fund flows.
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- Whether India's corporate affairs ministry will formally approve and initiate the detailed probe.
- How Xiaomi plans to legally respond to the proposed investigation.
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