India seizes S$1b from China's Xiaomi over 'illegal' remittances - The Straits Times

The firm's India office was raided in December in another investigation over alleged income tax evasion. . Read more at straitstimes.com.

NEW DELHI (AFP) - India seized US$725 million (S$1 billion) from the local bank accounts of Xiaomi after a probe found the Chinese smartphone giant unlawfully sent money abroad in the guise of royalt… [+1396 chars]

full article...