Xiaomi Petition Karnataka Hc Rejected Petition Challenging Seizure 5500 Crore Assets India Xiaomi

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Karnataka HC Rejects Xiaomi’s Petition Challenging $676 Million Asset Freeze by ED: Report

ByNews Polite April 21, 2023

Karnataka High Court has rejected China-based Xiaomi’s petition challenging the seizure of $676.35 million (roughly Rs. 5,500 crore) by the Enforcement Directorate, news website Live Law reported on Friday. India’s federal financial crime agency froze Xiaomi’s assets last year, alleging the company had made illegal remittances to foreign entities by…

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