Xiaomi warns of new scam which cheats retailers into buying a fake Mi Store franchise

Xiaomi India, has alerted the public to a new kind of fraud that is taking place using Xaiomi's name.

Xiaomi's meteoric rise towards the top of India's smartphone market is a story to behold. Its success mantra was to offer the best quality hardware at an extremely affordable price and it won't be a stretch to say that it has worked brilliantly for the company. However, with success, there come those who want to knock you off your pedestal.



Manu Jain, Xiaomi India CEO, has alerted the public to a new kind of fraud that is taking place using Xiaomi's name. In a tweet, Jain said that he has come across "a scam where few retailers have been cheated into buying fake franchises of Xiaomi India Mi Stores!" He also mentioned that he saw forged documents with his fake signature.

Although Jain hasn't indicated that any of these retailers have been shut down, a case has been filed with the cyber crime department and the case is being actively investigated. He further tweeted out a PSA in which he told people to not fall for this scam and verify by contacting Xiaomi's local teams Or calling toll-free no: 1800 103 6286.

Apart from that Jain hasn't mentioned any explicit way in which retailers can detect fake Mi Stores. Let's just hope retailers become more careful and vigilant about fraudulent schemes.

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