ED Issues Showcause Notice To Xiaomi Over FEMA Violation
The ED initiated a PMLA investigation in connection with the illegal remittances made by the company last year.
Source: india.com
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ED issues notice to Xiaomi for forex 'violations' to tune of Rs 5,551 cr
Agencies The Enforcement Directorate (ED) on Friday said it has issued show-cause notices to the Indian arm of Chinese mobile phone manufacturer Xiaomi, its chief financial officer and director Sameer B Rao, former managing director Manu Kumar Jain and three foreign banks for alleged violations of the foreign exchange law to the tune of
Source: thenorthlines.com