Uncategorized

ED rejects Xiaomi’s allegation of coercion, terms it baseless

Enforcement Directorate yesterday rejected the allegation that the statements of Xiaomi India officials were recorded under coercion and termed it baseless. It said the officials of Xiaomi India deposed their statements voluntarily in the most conducive environment on various occasions.

The statements were deposed by them on the basis of documents and information provided by the company during the course of the investigation. The ED said, it is a professional agency with strong work ethics and there was no coercion or threat to the officers of the company at any point in time.

Earlier, Xiaomi India had alleged in the Karnataka High Court that its top executives faced threats of physical violence and coercion during questioning. The case was related to ED’s order to seize Xiaomi India’s funds worth over 5,551 crore rupees over the alleged violation of the Foreign Exchange Management Act. The Court had stayed the order.

Click to comment

Leave a Reply

Your email address will not be published.

10 + eleven =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

Address:
D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: [email protected]

West Bengal

Eastern Regional Office
Indsamachar Digital Media
Siddha Gibson 1,
Gibson Lane, 1st floor, R. No. 114,
Kolkata – 700069.
West Bengal.

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us