'Forex violations': China's Xiaomi in the dock, crores seized | India's top smartphone seller in '21

Uploaded by Ramona King on April 30, 2022 at 6:10 pm

₹5,551CR belonging to Xiaomi Technology India Pvt Ltd seized by E.D. under the Foreign Exchange Management Act. The cash was in accounts belonging to Xiaomi; seized in connection with ‘illegal outward remittances’ in Feb. Xiaomi accused of providing ‘misleading information’ to banks while remitting the cash abroad.

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