ED seizes Xiaomi’s assets worth Rs 5,551 crore over forex violations

Enforcement Directorate seizes Xiaomi s assets worth Rs 5551 crore over forex violations gcw

New Delhi, First Printed Apr 30, 2022, 3:22 PM IST

The Enforcement Directorate on Saturday has seized Rs 5551.27 crores of Xiaomi Know-how India Non-public Restricted, mendacity within the financial institution accounts below the provisions of the International Change Administration Act, 1999 in reference to the unlawful outward remittances made by the corporate.

Final Up to date Apr 30, 2022, 3:22 PM IST

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