ED Seizes Rs. 5,551 Crore Worth of Deposits of Xiaomi India Under FEMA
by #AI September 30, 2022 · Automatic
The competent authority under the Foreign Exchange Management Act (FEMA) has approved an order of seizure of over Rs. 5,551 crore worth of deposits of Chinese mobile phone manufacturer Xiaomi, the highest amount frozen till date in India, the ED said on Friday. Xiaomi is a trader and distributor of mobile phones in the country under the brand name of MI and Xiaomi Ind…
Author: . [Source Link (*), Gadgets 360]
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