India's Serious Fraud Office Recommends Xiaomi Probe

The SFIO seeks formal government approval to initiate a corporate fraud investigation into Xiaomi India.

India’s Serious Fraud Investigation Office has formally recommended a detailed probe into the business operations of Xiaomi Technology India Private Limited and its associated corporate entities. According to official sources, the proposal has been submitted to the Ministry of Corporate Affairs and is currently awaiting final regulatory approval. The anti-fraud agency possesses sweeping powers to arrest and prosecute corporate offenders under domestic law. While the exact nature of the allegations remains under review, the move comes amid a backdrop of strict scrutiny regarding foreign investments from neighboring countries. Legal experts note that the approval process could take several months as the ministry decides whether to authorize the full-scale corporate investigation.