Business Tit-Bits: The ED and Xiaomi

Business Tit-Bits: The ED and Xiaomi

The Enforcement Directorate has slammed Chinese smartphone maker Xiaomi's claim - that its officers had threatened employees and their families with violence - as 'baseless'. The ED also rubbished Xiaomi claims that statements by its India employees were recorded 'under coercion' and that the charges - relating to violations of the foreign exchange act - were an 'afterthought'.In a statement issued Saturday the Enforcement Directorate stressed that it is 'a professional agency with strong work ethics, and there was no coercion or threat to the officers of the company at any point of time'.

The Enforcement Directorate has slammed Chinese smartphone maker Xiaomi's claim - that its officers had threatened employees and their families with violence - as 'baseless'. The ED also rubbished Xiaomi claims that statements by its India employees were recorded 'under coercion' and that the charges - relating to violations of the foreign exchange act - were an 'afterthought'.In a statement issued Saturday the Enforcement Directorate stressed that it is 'a professional agency with strong work ethics, and there was no coercion or threat to the officers of the company at any point of time'.