India's fraud office seeks a Xiaomi probe as the market it once led shrinks around it
<p class="P1" data-start="2369" data-end="2762">A recommended corporate-fraud investigation would reach Xiaomi at the weakest point its India business has known. India's Serious Fraud Investigation Office (SFIO) has proposed a detailed probe into alleged irregularities in the company's business model and its compliance with foreign investment law, according to a government memorandum drafted in May and reported by Reuters on September 9.
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