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Xiaomi accuses ED of 'physical violence' threats during forex investigation

The company alleges intimidation by India's premier enforcement agency when executives appeared for questioning multiple times in April.

Xiaomi
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Xiaomi was the leading smartphone seller in 2021 with a 24% market share in India

Reuters
Chinese smartphone maker Xiaomi Corp has alleged its top executives faced threats of "physical violence" and coercion during questioning by Enforcement Directorate (ED), according to a court filing seen by Reuters.

Officials from ED warned the company's former India managing director, Manu Kumar Jain, current Chief Financial Officer Sameer B.S. Rao, and their families of "dire consequences" if they did not submit statements as desired by the agency, Xiaomi's filing dated May 4 stated.

The Enforcement Directorate did not immediately respond to a request for comment.

Xiaomi has been under investigation since February and last week ED seized $725 million

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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