Xiaomi India Directorate Of Enforcement (ed) Rs. 5551.27 Crore Bank Accounts Manu Kumar Jain Xiaomi India

Tech

ED Seizes Rs. 5,551 Crore of Xiaomi India in Alleged Foreign Exchange Violation Case

ByNews Polite April 30, 2022

Funds worth over Rs 5,551 crore of Chinese mobile manufacturing company Xiaomi India have been “seized” for violating the Indian foreign exchange law, the Enforcement Directorate said said on Saturday. The action has been taken against Xiaomi Technology India Private Limited. The company (also called Xiaomi India) is a trader…

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