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The Enforcement Directorate (ED) on Friday said that the Adjudicating Authority has issued showcause notices to Xiaomi Technology India Private Limited, its officials and three banks under the relevant provision of the Foreign Exchange Management Act (FEMA) on the basis of a complaint filed by the probe agency in connection with illegal remittances made by the company to the tune of Rs 5,551.27 crore.

Mexico cityDistrito federalXiaomia xiaomiSameerb raoKumar jainForeign exchange management actForeign exchange managementXiaomi technology india privateIncome taxEnforcement directorateAdjudicating authorityXiaomi technology india private limitedManu kumar jainManaging directorChief financial officerTechnical collaboration agreement