The on Saturday rejected as “baseless” the allegations that the statements of officers, the wholly-owned subsidiary of Chinese cell manufacturing firm Xiaomi, have been recorded “below coercion”, saying the costs have been an afterthought.


The federal company was responding to sure information experiences that mentioned Xiaomi alleged in a latest submitting earlier than the Karnataka High Court that its prime executives have been threatened with “bodily violence and coercion” throughout their questioning by ED investigators in Bengaluru.


The (ED) issued an announcement saying it was “an expert company with robust work ethics and there was no coercion or risk to the officers of the corporate at any level of time”.


“The allegations that the assertion of the officers of was taken below coercion by ED is untrue and baseless.”

“The officers of deposed their statements earlier than ED below FEMA voluntarily in probably the most conducive setting on numerous events,” the company mentioned.


It mentioned the statements have been deposed by them on the idea of paperwork and info supplied by the corporate in the course of the course of investigation.


“Their statements corroborate with the written replies submitted to ED and the fabric on report,” the company mentioned.


The improvement comes within the backdrop of ED passing an order on April 29 to grab Xiaomi India’s funds value over Rs 5,551 crore over the alleged violation of the Indian overseas alternate legislation (Foreign Exchange Management Act).


The Karnataka High Court earlier this week stayed this ED order.


The company added that the assertion of Xiaomi international vp Manu Kumar Jain was recorded on 4 events, April 13, April 14, April 21 and April 26 whereas that of chief monetary officer (CFO) Sameer B S Rao was recorded on six events.


Rao’s assertion have been recorded on March 25, April 14, April 19, April 21, April 22 and April 26, it mentioned.


“However, no grievance was filed by them at any level of time throughout recording of statements at numerous events.”








“Last assertion of the officers of the corporate was recorded on 26.04.2022 and the seizure order was handed on 29.04.2022. It seems that allegation now made after passage of substantial time is an afterthought,” it mentioned.


The company mentioned the allegations of Xiaomi are “baseless and removed from the information.”

Xiaomi is a tader and distributor of cellphones within the nation below the model identify of MI.

(Only the headline and image of this report could have been reworked by the Business Standard employees; the remaining of the content material is auto-generated from a syndicated feed.)

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