Xiaomi Investigation India
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Competition Commission of India Recalls Flipkart Antitrust Probe Report After Xiaomi Complaint
In a lengthy investigation that started in 2020, the CCI found Flipkart gave preference to select sellers and prioritised certain listings and also colluded with companies like Xiaomi, Samsung and Vivo to launch phones exclusively on their websites. The watchdog has now told recipients of the Flipkart report to destroy it and give an undertaking to...
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Xiaomi India President Muralikrishnan B Exits Firm, to Remain as Independent Strategic Advisor
Xiaomi India's Muralikrishnan B has stepped down as president of the company. He joined the firm in 2018 and was elevated president in 2022. He has since been instrumental in the expansion of the Chinese smartphone giant's Indian subsidiary, despite a brief setback when the company was investigated by government bodies for purported unlawful remitt...
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Notice To Xiaomi India Official, Others Over Rs 5,551 Crore Case
A show-cause notice, issued upon the conclusion of a FEMA investigation, could lead to penalties that amount to three times the total contravention amount, once the case is settled.
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Oppo, OnePlus, Realme to Operate as Separate Entities in India to De-Risk BBK's India Business: Report
BBK Electronics has restructured its India operations and made its three brands — Oppo, OnePlus and Realme, independent entities. The move could help the manufacturer to de-risk business from the current and future government action against Chinese firms.
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'Yet to Be Established It Was a Redmi Phone': Xiaomi India on 8-Year-Old's Death in Smartphone Explosion
In the case of a tragic incident where an eight-year-old girl lost her life as the smartphone exploded, Xiaomi India said, "There are some reports suggesting that this is a Redmi phone, that is yet to be established, the matter is currently being investigated."
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Oppo, Vivo, and Xiaomi Issued Notices for Tax Evasion, Finance Minister Nirmala Sitharaman Says
The Department of Revenue Intelligence (DRI) has issued notices for tax evasion to Oppo, Vivo and Xiaomi, three Chinese smartphone manufacturers, Union Finance Minister Nirmala Sitharaman said on Tuesday. Oppo, Vivo and Xiaomi have received notices as part of investigations into cases of alleged tax evasion by the three mobile companies.
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Xiaomi India Elevates Muralikrishnan B to President, 1 Month After Leadership Rejig
Xiaomi India on Friday announced it had promoted chief operating officer Muralikrishnan B as president of its India business. The company last month announced a leadership rejig, appointing Alvin Tse as General Manager for its operations in the country, following the elevation of Manu Jain to Group Vice President at Xiaomi last year. The changes in...
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Oppo India Issued Notice for Evading Customs Duties Worth Rs. 4390 Crore, Government Says
Oppo India evaded customs duty worth 4,390 crore, according to an investigation by the Directorate of Revenue Intelligence, according to the government. The Chinese smartphone manufacturer wrongfully used duty exemptions for items imported for use in mobile phone production, according to evidence uncovered by investigators. Oppo also allegedly made...
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Multiple Probes Into Chinese Companies Damaging Confidence of Foreign Investors, Chinese Embassy Says
Multiple probes into Chinese companies by enforcement agencies are damaging the confidence of foreign investors in India, the Chinese embassy said on Wednesday. On Tuesday, the Enforcement Directorate raided 44 locations across the country as part of a money-laundering investigation against Vivo and related firms. Earlier this year, the ED also ope...
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Vivo India, Related Companies Raided by Enforcement Directorate in Money Laundering Investigation
The Enforcement Directorate raided 40 places across the country on Tuesday, as part of a money-laundering probe against Chinese smartphone maker Vivo and related firms. The searches have been carried out under sections of the Prevention of Money Laundering Act. The agency has also been investigating Chinese handset manufacturer Xiaomi earlier this ...
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India Probes ZTE, Vivo As More China Firms Under Scrutiny
India is probing the local units of ZTE Corp. and Vivo Mobile Communications Co. for alleged financial improprieties, according to documents seen by Bloomberg, extending an investigation into other China-based firms after fining Xiaomi Corp.
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Xiaomi Funds Worth $478 Million Said to Be Frozen by ED During Alleged Tax Evasion Investigation
ED froze Xiaomi’s $478 million (roughly Rs. 3,699 crore) worth of deposits in local bank accounts as part of an investigation into alleged tax evasion, according to sources. The freeze by the income tax department was cited by Xiaomi in a May 4 court filing in southern Karnataka state.
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ED Reportedly Asks Court to Re-Instate Freeze on Xiaomi's Bank Assets Worth $725 Million
India's financial crime fighting agency, the Enforcement Directorate, has reportedly asked a court to re-instate a freeze on $725 million in the Indian bank accounts of Xiaomi as it investigates fund transfers by the Chinese smartphone giant.
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Xiaomi Battles Legal Issues in India as ED, Tax Authorities Investigate Its Business Practices
Chinese smartphone giant Xiaomi faces legal headaches in India as a federal financial crime-fighting agency and tax authorities investigate its business practices.
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Accused Of Threats To Xiaomi Execs, Enforcement Directorate Strikes Back: 10 Points
The Enforcement Directorate has asked a court to reinstate a freeze of Rs 5,551 crore in the Indian bank accounts of Xiaomi Corp as it investigates fund transfers by the Chinese smartphone giant.
-
Competition Commission of India Recalls Flipkart Antitrust Probe Report After Xiaomi Complaint
In a lengthy investigation that started in 2020, the CCI found Flipkart gave preference to select sellers and prioritised certain listings and also colluded with companies like Xiaomi, Samsung and Vivo to launch phones exclusively on their websites. The watchdog has now told recipients of the Flipkart report to destroy it and give an undertaking to...
-
Xiaomi India President Muralikrishnan B Exits Firm, to Remain as Independent Strategic Advisor
Xiaomi India's Muralikrishnan B has stepped down as president of the company. He joined the firm in 2018 and was elevated president in 2022. He has since been instrumental in the expansion of the Chinese smartphone giant's Indian subsidiary, despite a brief setback when the company was investigated by government bodies for purported unlawful remitt...
-
Notice To Xiaomi India Official, Others Over Rs 5,551 Crore Case
A show-cause notice, issued upon the conclusion of a FEMA investigation, could lead to penalties that amount to three times the total contravention amount, once the case is settled.
-
Oppo, OnePlus, Realme to Operate as Separate Entities in India to De-Risk BBK's India Business: Report
BBK Electronics has restructured its India operations and made its three brands — Oppo, OnePlus and Realme, independent entities. The move could help the manufacturer to de-risk business from the current and future government action against Chinese firms.
-
'Yet to Be Established It Was a Redmi Phone': Xiaomi India on 8-Year-Old's Death in Smartphone Explosion
In the case of a tragic incident where an eight-year-old girl lost her life as the smartphone exploded, Xiaomi India said, "There are some reports suggesting that this is a Redmi phone, that is yet to be established, the matter is currently being investigated."
-
Oppo, Vivo, and Xiaomi Issued Notices for Tax Evasion, Finance Minister Nirmala Sitharaman Says
The Department of Revenue Intelligence (DRI) has issued notices for tax evasion to Oppo, Vivo and Xiaomi, three Chinese smartphone manufacturers, Union Finance Minister Nirmala Sitharaman said on Tuesday. Oppo, Vivo and Xiaomi have received notices as part of investigations into cases of alleged tax evasion by the three mobile companies.
-
Xiaomi India Elevates Muralikrishnan B to President, 1 Month After Leadership Rejig
Xiaomi India on Friday announced it had promoted chief operating officer Muralikrishnan B as president of its India business. The company last month announced a leadership rejig, appointing Alvin Tse as General Manager for its operations in the country, following the elevation of Manu Jain to Group Vice President at Xiaomi last year. The changes in...
-
Oppo India Issued Notice for Evading Customs Duties Worth Rs. 4390 Crore, Government Says
Oppo India evaded customs duty worth 4,390 crore, according to an investigation by the Directorate of Revenue Intelligence, according to the government. The Chinese smartphone manufacturer wrongfully used duty exemptions for items imported for use in mobile phone production, according to evidence uncovered by investigators. Oppo also allegedly made...
-
Multiple Probes Into Chinese Companies Damaging Confidence of Foreign Investors, Chinese Embassy Says
Multiple probes into Chinese companies by enforcement agencies are damaging the confidence of foreign investors in India, the Chinese embassy said on Wednesday. On Tuesday, the Enforcement Directorate raided 44 locations across the country as part of a money-laundering investigation against Vivo and related firms. Earlier this year, the ED also ope...
-
Vivo India, Related Companies Raided by Enforcement Directorate in Money Laundering Investigation
The Enforcement Directorate raided 40 places across the country on Tuesday, as part of a money-laundering probe against Chinese smartphone maker Vivo and related firms. The searches have been carried out under sections of the Prevention of Money Laundering Act. The agency has also been investigating Chinese handset manufacturer Xiaomi earlier this ...
-
India Probes ZTE, Vivo As More China Firms Under Scrutiny
India is probing the local units of ZTE Corp. and Vivo Mobile Communications Co. for alleged financial improprieties, according to documents seen by Bloomberg, extending an investigation into other China-based firms after fining Xiaomi Corp.
-
Xiaomi Funds Worth $478 Million Said to Be Frozen by ED During Alleged Tax Evasion Investigation
ED froze Xiaomi’s $478 million (roughly Rs. 3,699 crore) worth of deposits in local bank accounts as part of an investigation into alleged tax evasion, according to sources. The freeze by the income tax department was cited by Xiaomi in a May 4 court filing in southern Karnataka state.
-
ED Reportedly Asks Court to Re-Instate Freeze on Xiaomi's Bank Assets Worth $725 Million
India's financial crime fighting agency, the Enforcement Directorate, has reportedly asked a court to re-instate a freeze on $725 million in the Indian bank accounts of Xiaomi as it investigates fund transfers by the Chinese smartphone giant.
-
Xiaomi Battles Legal Issues in India as ED, Tax Authorities Investigate Its Business Practices
Chinese smartphone giant Xiaomi faces legal headaches in India as a federal financial crime-fighting agency and tax authorities investigate its business practices.
-
Accused Of Threats To Xiaomi Execs, Enforcement Directorate Strikes Back: 10 Points
The Enforcement Directorate has asked a court to reinstate a freeze of Rs 5,551 crore in the Indian bank accounts of Xiaomi Corp as it investigates fund transfers by the Chinese smartphone giant.
