ED seizes Rs 5.5K cr from Xiaomi under FEMA provisions
Mumbai, 30/4: The Enforcement Directorate (ED) has seized funds worth Rs 5551.27 crore owned by Chinese mobile manufacturing company Xiaomi India for violating the Indian foreign exchange law. The action has been taken against Xiaomi Technology India Private Limited, which is a trader and distributor of mobile phones in the country under the…
