India seizes $725 million of Xiaomi assets over illegal payments - GSMArena.com news - GSMArena.com

The company remitted the equivalent of INR 55.5 billion in breach of foreign exchange laws.

Xiaomi India had $725 million from its bank accounts seized by the Enforcement Directorate over the weekend. The state organization said the Indian division of the Chinese manufacturer remitted the e… [+944 chars]

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