Xiaomi India Officials, 3 Banks Served ED Notice for FEMA Violation

Xiaomi India Officials, 3 Banks Served ED Notice for FEMA Violation

Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause notice from the Enforcement Directorate (ED). According to an official, the ED has served show-cause notice for FEMA violation of over Rs. 5,551 crore.  The Enforcement Directorate (ED) on Friday confirmed in…