Business & FinanceGovernmentPolitics

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.

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

Source: Reuters