ED Issues Notice To Xiaomi India, 3 Banks In Rs 5,000 Crore FEMA Case India oi-Madhuri Adnal The Enforcement Directorate (ED) on Friday said it has issued show-cause notices to the Indian arm of Chinese mobile phone manufacturer Xiaomi, its chief financial officer and director Sameer B Rao, former managing director Manu Kumar Jain and three foreign banks for alleged violations of the foreign exchange law to the tune of more than Rs 5,551 crore. The Adjudicating Authority (of the Foreign Exchange Management Act) has issued the notices to Xiaomi Technology India Private Limited, the two executives, the CITIbank, the...