Trinamool MP raises questions against Govt. accepting Rs 10crore donations from Xiaomi
By MYBRANDBOOK
After Xiaomi’s deposits were seized by the Enforcement Directorate (ED) on Saturday on charges of violating the foreign exchange law, Trinamool MP Mahua Moitra on Saturday raised questions over the government accepting donations from the telecom brand.
Mahua Moitra took to Twitter to say, "ED seizes ₹5,500 crore assets from Chinese smartphone giant Xiaomi over Forex law violations. Same Xiaomi allowed to donate ₹10cr to the opaque PM CARES fund.”
The same issue had been raised by the Congress in 2020 during the first wave of the Covid-19 pandemic.
The ED launched a probe against Xiaomi in connection with alleged "illegal remittances" sent abroad by the Chinese firm in February. The agency seized ₹5,551.27 crore lying in the bank accounts of the company under relevant sections of the Foreign Exchange Management Act.
Xiaomi India is a trader and distributor of mobile phones in India under the brand name MI. The company started its operations in India in 2014 and began remitting the money from 2015.
Earlier this month, the ED had interrogated the global vice president of the group, Manu Kumar Jain
"The company has remitted foreign currency equivalent to ₹5,551.27 crore to three foreign-based entities which include one Xiaomi group entity, in the guise of royalty," the ED said adding that such huge amounts in the name of royalties were remitted on the instructions of their Chinese "parent group" entities. Two other US-based groups also received the money but the ED probe found out that the ultimate beneficiary was the Xiaomi group entities.
"Under the cover of various unrelated documentary façades created amongst the group entities, the company remitted this amount in guise of royalty abroad which constitute violation of section 4 of the FEMA," the agency said.
The Congress had earlier questioned why PM Modi's Covid fund was accepting donations from Chinese companies like Huawei, TikTok, Xiaomi and Oppo.
BREAKING NEWS
TECHNO TRENDS
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
E-Magazine
TECHNOTAINMENT
ED attaches Raj Kundra, Shilpa Shetty’s Rs 97 crore worth as
The Enforcement Directorate (ED) has seized businessman Raj Kundra's pro
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
MOVERS & SHAKERS
DigiCert names Atri Chatterjee as CMO
DigiCert has announced the appointment of Atri Chatterjee as Chief Market
Amagi names its Chief Product Officer
Amagi announced the appointment of Richard Perkett as its Chief Product Of
OPEN YOUR EYES
INTERVIEWS
Technology and a robust partner network help position Allied T
Allied Telesis in India has a strong and growing team that is very customer
D-Link in pursuit of building a more connected, smarter and co
D-Link is committed to the ‘Make in India’ vision. Aligned with this, t
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
DELL TECHNOLOGIES INDIA PVT. LTD.
FRESHWORKS TECHNOLOGIES PVT. LTD.
LENOVO GROUP LTD.
HP INDIA SALES PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Rajeev Chandrasekhar
Rajeev Chandrasekhar is the Union Minister of State for Electronics an...
Technology Icons Of India 2023: Rajiv Srivastava
Rajiv Srivastava is the Managing Director of Redington Group. With 35 ...
Technology Icons Of India 2023: C P Gurnani
CP Gurnani (popularly known as ‘CP’ within his peer group), is the...
PARTNER SPEAKERS
PSU
GSTN aims to integrate indirect tax ecosystem on a shared IT infrastructure
Goods and Services Tax Network (GSTN) has built Indirect Taxation plat...
NIC bridging the digital divide and supporting government in eGovernance
The National Informatics Centre (NIC) is an Indian government departme...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
VIDEOS
Top 25 Brands
Value-Added Distribution
IVALUE INFOSOLUTIONS PVT. LTD.
: iValue Info Solutions is a value added distributor, provides solutio...
TEXONIC INSTRUMENTS
Texonic has carved a niche for itself in the Technology Distribution i...
NETPOLEON SOLUTIONS
Netpoleon Group is a Value-Added Distributor (VAD) of Network Security...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
