India’s Serious Fraud Investigation Office has recommended a detailed probe into Xiaomi’s Indian business, covering fund movements and Chinese investment approvals. Xiaomi says it has had no notice.

India's Serious Fraud Office proposed investigating Xiaomi for alleged business irregularities. The probe would examine fund movements and foreign investment law compliance. …

Draft memo seeks scrutiny of beneficial ownership, fund flows and exclusive e-commerce launches ahead of Xi’s BRICS visit