A Xiaomi store in Bengaluru, India, January 18 2018. Picture:ABHISHEK N CHINNAPPA/REUTERS
After the Reuters story was published, the enforcement directorate issued a statement saying Xiaomi’s allegations were “untrue and baseless” and company executives had deposed “voluntarily in the most conducive environment”. Jain and Rao were on certain occasions “threatened ... with dire consequences including arrest, damage to the career prospects, criminal liability and physical violence if they did not give statements as per the dictates of” the agency, according to the filing in the high court of southern Karnataka state.
Jain is now Xiaomi’s global vice-president based in Dubai and is credited with Xiaomi’s rise in India, where its smartphones are hugely popular. Tax inspectors raided Xiaomi’s India offices in December. On receiving information from tax authorities, the enforcement directorate, which probes issues such as foreign exchange law violations, started reviewing Xiaomi’s royalty payments, court documents show.The agency last week said Xiaomi Technology India remitted foreign currency equivalent to 55.5-billion rupees to entities abroad even though Xiaomi had “not availed any service” from them.
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