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SFIO seeks nod for deeper probe into Xiaomi India - The Economic Times
The Serious Fraud Investigation Office seeks permission for a deeper probe into Xiaomi. This investigation will examine fund transfers and mandatory investment approvals. Xiaomi India has stated it has received no notice or communication from the SFIO. The company maintains it fully complies with all Indian laws. Regulations for Chinese investments were tightened after 2020 and recently relaxed.
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