The Foreign Hand

USUALLY, XIAOMI is in the news for bumper sales figures, but now the hullabaloo is about the ED seizing more than `5,500 crore worth assets of the company allegedly for making illegal remittances to foreign entities and showing them as royalty payments since 2015. Its Global Vice President

Manu Kumar Jain was also summoned by the ED to get details. Xiaomi has claimed it is “fully compliant with all the regulations”.