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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 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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