ED seizes Rs 5,551 crore from Chinese Smartphone giant Xiaomi India
National Herald
2022-05-01
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The #EnforcementDirectorate (ED) on April 30 disclosed that it had seized more than Rs 5,500 crore in assets from the Indian subordinate of #ChineseSmartphone maker #Xiaomi, on top of that law enforcement agency said that the firm had made unlawful remittances to foreign entities and shown them as royalty payments.
#XiaomiIndia
#XiaomiIndia
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