India seizes $725m from China’s Xiaomi over illegal remittances - Punch Newspapers
4/30/2022 12:00:00 AM3 years 10 months ago
by Agency Report
by Agency Report
India seized $725 million from the local bank accounts of Xiaomi after a probe found the Chinese smartphone giant unlawfully sent money abroad in the guise of royalty payments, authorities said Saturday.
India seized $725 million from the local bank accounts of Xiaomi after a probe found the Chinese smartphone giant unlawfully sent money abroad in the guise of royalty payments, authorities said Satur… [+1350 chars]
full article...