India seizes US$725 million in Xiaomi assets over illegal remittances - CNA

NEW DELHI: India said on Saturday (Apr 30) it had seized US$725 million from the local bank accounts of China's Xiaomi after a probe found the smartphone maker had made illegal remittances to foreign entities by passing them off as royalty payments. India'…

NEW DELHI: India said on Saturday (Apr 30) it had seized US$725 million from the local bank accounts of China's Xiaomi after a probe found the smartphone maker had made illegal remittances to foreign… [+1767 chars]

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