India accuses Chinese phone maker Xiaomi of forex violations - Al Jazeera English

India’s anti-money laundering agency took control of the bank accounts of Xiaomi Technology India, it said.

India accused Xiaomi Corp. of breaching the countrys foreign-exchange laws and seized 55.51 billion rupees ($726 million) from a local unit of the smartphone maker, in Indias latest clash with a Chin… [+2503 chars]

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