Accused Of Threats To Xiaomi Execs, Enforcement Directorate Strikes Back: 10 Points - NDTV

5/12/2022 12:00:00 AM3 years 9 months ago

The Enforcement Directorate has asked a court to reinstate a freeze of Rs 5,551 crore in the Indian bank accounts of Xiaomi Corp as it investigates fund transfers by the Chinese smartphone giant.

  • The Enforcement Directorate had seized the money, saying Xiaomi had illegally transferred funds abroad to three entities, including one in the Xiaomi group, describing them as payments "in the gu… [+2421 chars]

    full article...