ED issues summons to Xiaomi global VP under FEMA
New Delhi (PTI): The Enforcement Directorate (ED) has summoned the global vice president of Chinese mobile manufacturing company Xiaomi, Manu Kumar Jain, for questioning in a probe linked to alleged contravention of the foreign exchange law, officials said on Wednesday.
The federal probe agency, according to sources, is investigating the company and its executives under the provisions of the Foreign Exchange Management Act (FEMA).
Allegations related to violation of forex laws in the Indian arm of the Chinese company over the last few years are being investigated, they said.
Jain, the former India head of Xiaomi, has been asked to furnish some financial documents linked to the company by appearing in person on Wednesday or sending it through an authorised representative.
A Xiaomi spokesperson said they were "a law abiding and responsible company."
"We give paramount importance to the laws of the land. We are fully compliant with all the regulations and are confident of the same. We are cooperating with authorities with their ongoing investigation to ensure they have all the requisite information," the spokesperson said.
Proceedings under the FEMA are civil in nature and the final penalty, post adjudication, can be at least three times the amount contravened under the law.
Xiaomi and few other Chinese mobile manufacturing companies were raided by the Income Tax Department in December last year on charges of tax evasion.
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Paper leak mafia thriving under BJP's double-engine governments: Bhagwant Mann
Shimla (PTI): Punjab Chief Minister Bhagwant Mann on Thursday slammed the Centre over the alleged NEET paper leak and said that such incidents are surfacing in regions governed by the BJP's 'double-engine' and 'triple-engine' governments.
He said the leak and cancellation of the National Eligibility cum Entrance test (NEET) 2026 examination is a major failure on the part of the Union government.
"This is not the first time that a paper leak has happened. Such incidents have surfaced in 2017, 2021, 2024, and now even in 2026 and every time, a CBI inquiry is initiated, arrests are made, yet after a short while, the accused are released on bail," he said.
Mann, who arrived at the Dharamshala Cricket Stadium to boost the morale of the Punjab Kings team ahead of their upcoming IPL match, told the media that lakhs of students toil day and night, harbouring dreams of transforming their families' fortunes, but when exams are cancelled due to paper leaks, these students are left heartbroken.
The NEET 2026 paper held on May 3 was cancelled on May 12 after reports of a paper leak in Rajasthan.
He said that the paper leak mafia is predominantly surfacing in regions governed by the BJP's 'double-engine' and 'triple-engine' governments. "Paper leaked, dreams shattered, the country's administrative system is unable to conduct even a single examination properly", he added.
Taking a dig at Prime Minister Narendra Modi, Mann said that while Modi imposes various restrictions on the public, he himself continues to embark on foreign tours.
He asserted that the public deserves to know the country's true economic situation.
"The prime minister must disclose the current status of the country's oil reserves, the extent of our gold reserves, and fundamentally why restrictions are being imposed on every single commodity", he said.
No other nation has imposed such restrictions and the ongoing war is being used as a pretext, even though the country's economy is already in a precarious state, Mann added.
Regarding the ongoing campaign against drugs in Punjab, Mann said that the state government is continuously taking action against drug traffickers and asserted that a large number of traffickers are being sent to jail and that Punjab will soon move towards becoming drug-free.
Speaking about the upcoming IPL match between Punjab Kings and Mumbai Indians to be held in Dharamshala, Mann said that he also holds the portfolio of Punjab's sports minister and has arrived in Dharamshala to cheer the team.
