What TV doesn't, print can't; we deliver.
What TV doesn't, print can't; we deliver.
New Delhi: Making progress in its probe against the Chinese phonemaker Xiaomi, the Enforcement Directorate (ED) has summoned its former Indian head Manu Kumar Jain for questioning in connection with an FEMA case.
According to ED sources, Jain has been asked to appear before the financial probe agency sleuths at its Delhi headquarters in connection with the probe.
The ED had earlier summoned him twice, but he failed to join the probe. Jain is currently a global vice-president at Xiaomi.
The sources said that the agency has gathered documents related to the remittances and is scrutinising the transactions to determine if they were in consonance with the Foreign Exchange Management Act (FEMA) rules.
As per the ED sources, the financial priobe agency’s investigation pertains to remittances worth Rs 1,000 crore.
