Market Chatter: India's Fraud Office Recommends Probe Into Xiaomi's Local Operations

MT Newswires Live

8小时前

India's Serious Fraud Investigation Office (SFIO) has recommended a detailed investigation into Xiaomi (HKG:1810) over alleged irregularities in its business model and compliance with foreign investment rules, Reuters reported Wednesday, citing a government document.

The proposed probe will examine fund movements, beneficial ownership, and e-commerce arrangements, the report said.

Xiaomi did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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