According to a court filing, Xiaomi Corp’s top executives were threatened with “physical assault” and coercion while being questioned by India’s financial crime combating agency.
According to Xiaomi’s filing dated May 4, officials from the Enforcement Directorate warned Manu Kumar Jain, the company’s former India managing director, and Sameer B.S. Rao, the company’s current Chief Financial Officer, of “dire consequences” if they did not submit statements as requested by the agency.
Xiaomi has been under investigation since February, and an Indian agency confiscated $725 million from Xiaomi’s India bank accounts last week, alleging that the business made unlawful transactions abroad “under the pretence of royalty” payments.