The Enforcement Directorate has summoned officials of Chinese telecom companies OnePlus and Xiaomi for suspected forex violations, sources in the know told ET. The ED action follows investigations by the income tax (I-T) department, which had raided these companies – and also Oppo – last year, people familiar with the developments told ET. Tax sleuths…Continue Reading

India’s federal financial-crime fighting agency has summoned a former India head of China’s Xiaomi Corp in an investigation of whether the company’s business practices conformed with Indian foreign exchange laws, two sources with direct knowledge told Reuters. The Enforcement Directorate has been probing the company since at least February, and in recent weeks asked Manu…Continue Reading

TMC MP Abhishek Banerjee on Tuesday skipped his scheduled appearance before the Enforcement Directorate (ED) for a fresh round of questioning in a money laundering case linked to an alleged coal scam in West Bengal, sources said. Abhishek Banerjee’s wife Rujira Banerjee has been summoned for tomorrow by the ED.Continue Reading

Synopsis”Many political systems today would be quite unrecognisable to their founding leaders. Ben-Gurion’s Israel has morphed into one which can barely form a government, despite four general elections in two years. Meanwhile, a stream of senior politicians and officials in Israel face a litany of criminal charges, some have gone to jail.”ET BureauIndia has taken…Continue Reading