The Enforcement Directorate (ED) on Wednesday recorded the statement of Manu Kumar Jain, a former India head of Xiaomi, in connection with an ongoing inquiry under the Foreign Exchange Management Act (FEMA).
In a statement, Xiaomi spokesperson earlier said: “Xiaomi is a law-abiding and responsible company. We give paramount importance to the laws of the land. We are fully compliant with all the regulations and are confident of the same. We are cooperating with authorities with their ongoing investigation to ensure they have all the requisite information”
