ED seizes Rs 5,551 crore from Chinese Smartphone giant Xiaomi India

Name: ED seizes Rs 5,551 crore from Chinese Smartphone giant Xiaomi India
Uploaded: 2022-05-01T06:01:30+00:00
Duration: 3 min 7 s
Channel: National Herald
Description: 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.<br />#XiaomiIndia

National Herald

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

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