ED seizes Rs 5,551 crore of Chinese smartphone giant Xiaomi in foreign exchange case
NEW DELHI: The Enforcement Directorate (ED) on Saturday said it has seized Rs 5,551 crore from Bengaluru-based Chinese telecom firm Xiaomi Technology India for “illegal outward remittances”. Xiaomi India is a wholly-owned subsidiary of the China-based Xiaomi group. The ED has initiated investigation in connection with the illegal remittances made by the company in the … Read more