Aditya Kalra(@adityakalra):BREAKING: India's Serious Fraud Investigation Office has recommended a detailed investigation into Xiaomi's business model, saying its compliance with the 2020 foreign investment restrictions should also be looked at. Revelation comes ahead of BRICS Summit. This could become the latest headache for Xiaomi in the country. "The most important part of the proposed investigation should be examination of the beneficial ownership," it says. Calls for collaboration with other agencies. SFIO also wants scrutiny of whether Xiaomi had "de facto control" over Indian sellers while launching products exclusively online.

2026.09.09 10:19

BREAKING: India's Serious Fraud Investigation Office has recommended a detailed investigation into Xiaomi's business model, saying its compliance with the 2020 foreign investment restrictions should also be looked at. Revelation comes ahead of BRICS Summit. This could become the latest headache for Xiaomi in the country. "The most important part of the proposed investigation should be examination of the beneficial ownership," it says. Calls for collaboration with other agencies. SFIO also wants scrutiny of whether Xiaomi had "de facto control" over Indian sellers while launching products exclusively online.

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