Xiaomi Indi

ED Seizes Rs 5,551 Cr From Xiaomi India For FEMA Violation

  NEW DELHI: Rs 5,551 crore of Chinese smartphone maker Xiaomi Technology India has been seized by the Enforcement Directorate (ED), the agency said on Saturday. The action has been taken under the provisions of the Foreign Exchange Management Act (FEMA), 1999. A source in the ED said that Xiaomi India is a wholly-owned subsidiary […]