Official doc: India's Serious Fraud Office urges the government to probe Xiaomi over alleged business model irregularities and foreign investment law violations (Aditya Kalra/Reuters)

India’s Serious Fraud Office has formally requested a government investigation into Xiaomi, alleging that the company’s business model breaches foreign-investment regulations and may involve other irregularities. The request cites specific concerns about compliance with India’s foreign investment law and potential violations of corporate governance standards.