ED’s Seizure of Xiaomi India Assets Worth $725 Million Said to Be on Hold
An Indian court has put on hold a federal enforcement agency’s decision to seize $725 million (roughly Rs. 5,570 crore) from local bank accounts of China’s Xiaomi for suspected violations of foreign exchange laws, two sources told Reuters on Friday. The Enforcement Directorate last week seized the bank assets of Xiaomi Technology India Private Limited, … Read more