India's Serious Fraud Investigation Office recommended a detailed probe into Xiaomi's fund movements and investment approvals
May 1, 2026India's Serious Fraud Investigation Office (SFIO) drafted a recommendation in May 2026, reported September 9, 2026, for a detailed investigation into alleged irregularities in Xiaomi's business practices, specifically concerning movement of funds and whether Xiaomi obtained the mandatory foreign-investment approvals required under Indian law. The scrutiny comes amid India's broader tightening of oversight on Chinese investments following 2020 border clashes, and alongside separate tax and royalty-payment disputes Xiaomi is fighting in India.