Xiaomi India Officials, 3 Banks Served ED Notice for FEMA Violation

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Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause notice from the Enforcement Directorate (ED).

By Press Trust of India | Updated: 9 June 2023 20:16 IST

Xiaomi India Officials, 3 Banks Served ED Notice for FEMA Violation

Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause notice from the Enforcement Directorate (ED). According to an official, the ED has served show-cause notice for FEMA violation of Rs. 5,551 crore. 

 

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