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India's Serious Fraud Office recommends 'detailed' probe into Xiaomi's business in country

Source: reuters.com

Legal & LitigationRegulation & LegislationTechnology & InnovationEmerging Markets
India's Serious Fraud Office recommends 'detailed' probe into Xiaomi's business in country

India's Serious Fraud Office recommended that Xiaomi be investigated over alleged irregularities in its business model and compliance with foreign-investment law. The recommendation could intensify regulatory scrutiny of the smartphone maker in a major emerging market, creating potential legal, operational and reputational risks.

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