Indian Authorities Seize $725M From Xiaomi’s Local Unit Over Illegal Remittances

May 5, 2022 0 Comments

The Enforcement Directorate, India’s financial investigation agency, on Saturday seized $725 million from Xiaomi Technology India Pvt., accusing it of breaking the country’s foreign exchange laws by making illegal remittances abroad.

Leave a Reply

Your email address will not be published. Required fields are marked *