Former Xiaomi India head Manu Jain called by ED in foreign exchange investigation
The Enforcement Directorate (ED) has summoned the former India head of China’s Xiaomi Corporation to investigate whether the company’s business practices comply with India’s foreign exchange rules, two sources with specific information told Reuters. The ED has been investigating the company since at least February, and in recent weeks has asked Manu Kumar Jain, Xiaomi’s …
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