ED Summons Xiaomi Ex-India Chief Manu Kumar Jain For Questioning

New Delhi: Making progress in its probe against the Chinese phonemaker Xiaomi, the Enforcement Directorate (ED) has summoned its former Indian head Manu Kumar Jain for questioning in connection with an FEMA case.

According to ED sources, Jain has been asked to appear before the financial probe agency sleuths at its Delhi headquarters in connection with the probe.

The ED had earlier summoned him twice, but he failed to join the probe. Jain is currently a global vice-president at Xiaomi.

The sources said that the agency has gathered documents related to the remittances and is scrutinising the transactions to determine if they were in consonance with the Foreign Exchange Management Act (FEMA) rules.

As per the ED sources, the financial priobe agency’s investigation pertains to remittances worth Rs 1,000 crore.

Also Read Story

Start investigating with opposition-ruled states, but put Adani in jail: Rahul Gandhi

LOP Rahul Gandhi accuses PM Modi of shielding Adani amid US bribery charges

Maharashtra records low voter turnout amid heated polling day drama  

Zoya Akhtar, Kangana Ranaut, Subhash Ghai, and more Shine at Maharashtra Polls 2024