India seizes $725 million assets from Xiaomi unit over illegal remittances

15:38 30.04.2022
India’s anti-money laundering agency said on Saturday it has seized assets worth about $725 million from Xiaomi India for breaching the country’s foreign exchange laws in a major blow to the Chinese phone maker that commands the Indian smartphone market. The Indian Enforcement Directorate said it had seized bank accounts of Xiaomi India after finding […]...
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