India seizes $725m from China’s Xiaomi over illegal remittances - Punch Newspapers
4/30/2022 12:00:00 AM3 yearsago
by Agency Report
by Agency Report
India seized $725 million from the local bank accounts of Xiaomi after a probe found the Chinese smartphone giant unlawfully sent money abroad in the guise of royalty payments, authorities said Saturday.
India seized $725 million from the local bank accounts of Xiaomi after a probe found the Chinese smartphone giant unlawfully sent money abroad in the guise of royalty payments, authorities said Satur… [+1350 chars]
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