Xiaomi’s Claims of Coercion Baseless, Enforcement Directorate States
The Enforcement Directorate on Saturday declined as “unwarranted” the accusations that the declarations of Xiaomi India authorities, the wholly-owned subsidiary of Chinese mobile production business Xiaomi, were recorded “under browbeating”, stating the charges were an afterthought.The federal firm
was reacting to specific report that said Xiaomi declared in a recent filing before the Karnataka High Court that its top executives were threatened with”physical violence and coercion” during their questioning by ED detectives in Bengaluru.The Enforcement Directorate (ED)provided a declaration stating it was”a professional firm with strong work principles and there was no browbeating or threat to the officers of the business at any point of time”.”The claims that the declaration of the officials of Xiaomi India was taken under coercion by ED is untrue and unwarranted.””The officials of Xiaomi India deposed their declarations before ED under FEMA voluntarily in the most favorable environment on different celebrations,”the agency said.It stated the declarations were deposed by them on the basis of documents and details offered by the business during the course of examination.”Their declarations corroborate with the written replies sent to ED and the material on record,” the firm said.The development is available in the background of ED passing an order on April 29 to take Xiaomi India’s funds worth over Rs. 5,551 crore over the alleged offense of the Indian foreign exchange law(Forex Management Act). The Karnataka High Court earlier this week remained this ED order.The agency added
that the statement of Xiaomi international vice president Manu Kumar Jain was taped on four occasions, April 13, April 14, April 21 and April 26 while that of chief financial officer(CFO) Sameer B S Rao was tape-recorded on six occasions.Rao’s declaration were recorded on March 25, April 14,
April 19, April 21, April 22 and April 26, it stated.”However, no complaint
was filed by them at any point of time during recording of statements at different events.””Last declaration of the officials of the business was recorded on 26.04.2022 and the seizure order was passed on 29.04.2022. It appears that claims now made after passage of
considerable time is an afterthought, “it said.The firm said the accusations of Xiaomi are “unwarranted and far from the facts.”Xiaomi is a trader and distributor of cellphones in the country under the trademark name of MI.Published at Sat, 07 May 2022 12:13:42 +0000