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ED Seizes Rs 5,551 Crore From Xiaomi India for FEMA Violation

Published: May 1, 2022

The seizure was made in connection with a probe that was launched by the federal agency against the company into alleged "illegal remittances" sent abroad by the Chinese firm in February.

Source: thewire.in

Related Topics:

New DelhiKumar JainXiaomi Technology India PrivateForeign Exchange Management ActXiaomi IndiaEnforcement DirectorateChina Based XiaomiManu Kumar JainChina SmartphoneChinese FirmsEd XiaomiIllegal RemittancesSmartphone Probe