Lagatar English
Language : HINDI | URDU
  • Home
  • Jharkhand
  • Bihar
  • National & International
  • Business
  • Opinion
  • Tech – Gyan
  • Entertainment
  • Sports
  • Health & Lifestyle
  • Gallery
No Result
View All Result
Lagatar English
No Result
View All Result

Untrue and baseless: ED denies Xiaomi’s claim of physical violence threats to top execs

by Lagatar News
07/05/2022
in Business & Corporates
A A

Lagatar24 Desk

 

New Delhi, May 7: The Enforcement Directorate reacted to reports that Xiaomi’s top executives were threatened with “physical violence” and coercion during questioning in connection with a forex violation.

“Allegation now made after passage of substantial time is an afterthought,” ED stated, calling it “untrue and baseless.”

In February this year, the ED launched an investigation into Xiaomi India under the terms of the Foreign Exchange Management Act (FEMA), 1999, in relation with the company’s unlawful transfers.

Xiaomi has denied any wrongdoing and claims that all of its operations adhere to local laws and regulations.

According to Reuters, Xiaomi’s former India managing director Manu Kumar Jain, current Chief Financial Officer Sameer B.S. Rao, and their families were warned by Enforcement Directorate officials of “dire consequences” if they did not submit statements as requested by the agency in a filing dated May 4.

for better experience download Lagatar Android App . to the app click here

Reacting to Xiaomi’s allegations, ED said, “The allegations that the statement of the officials of Xiaomi India was taken under coercion by ED is untrue and baseless. The officials of the Xiaomi India deposed their statements before ED under FEMA voluntarily in the most conducive environment on various occasions. The statements were deposed by them on the basis of documents/information provided by the company during the course of investigation. Their statements corroborate with the written replies submitted to ED and the materials on record.”

Manu Kumar Jain’s testimonies were recorded on April 13, 14, 21, and 26 and Sameer B S Rao’s statements were recorded on March 25, April 14, 19, 21, 22, and 26.

“However, no complaint was filed by them at any point of time during recording of statements at various occasions,” the agency stated.

“Last statement of the officials of the company was recorded on 26.04.2022 and the seizure order was passed on 29.04.2022. It appears that allegation now made after passage of substantial time is an afterthought. The allegations are baseless and far from the facts,” ED said.

“There was no compulsion or threat to the officers of the company at any point in time,” the agency added.

Share76Tweet47Share13Send

Related Posts

Twitter legal team told him he violated NDA, says Elon Musk

by Lagatar News
15/05/22
Twitter legal team told him he violated NDA, says Elon Musk

...

Read more

Twitter deal temporarily on hold, says Elon Musk

by Lagatar News
13/05/22
Twitter deal temporarily on hold, says Elon Musk

...

Read more

SE Railway maintains remarkable performance in freight loading

by Lagatar News
10/05/22
SE Railways to run three special trains for RRB examination candidates 

...

Read more

Xiaomi accuses ED of physical violence threats to officials during probe

by Lagatar News
07/05/22
Xiaomi accuses ED of physical violence threats to officials during probe

...

Read more
  • ED suspects three district mining officers as Pooja Singhal’s accomplices in money laundering 
  • Shibu Soren’s family a burden for Jharkhand, says Babulal Marandi
  • JMM fails to set deadline for action against corrupt persons during Raghubar Das rule 
  • Lagatar English News Diary – May 16 || ED court extends remand of Pooja Singhal, CA Suman for 4 days || Illegal mining of minor minerals with interstate links on ED’s radar || Jamshedpur traders begin stir against Mandi tax || Seal area where Shivling found in Gyanvapi Mosque, orders Varanasi Court || Pakur and Dumka mining officer turn up before ED and more stories
  • Nikhat Zareen confirms India’s first medal in Women’s World Boxing Championships
Read in App

  • About Editor
  • Team Lagatar
  • Advertise with us
  • Privacy Policy
  • Contact Us

© 2021 Lagatar News (Lagatar24.com).

No Result
View All Result
  • Home
  • Jharkhand
  • Bihar
  • National & International
  • Business
  • Opinion
  • Tech – Gyan
  • Entertainment
  • Sports
  • Health & Lifestyle
  • Gallery

© 2021Lagatar News.

wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply