India seizes US$725 million from Chinese company Xiaomi - CTV News

Indian authorities on Saturday seized US$725 million from Chinese smartphone company Xiaomi, accusing it of breaking the country's foreign exchange laws by making illegal remittances abroad, officials said.

NEW DELHI - Indian authorities on Saturday seized $725 million from Chinese smartphone company Xiaomi, accusing it of breaking the country's foreign exchange laws by making illegal remittances abro… [+1443 chars]

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