Sunday, May 01, 2022

India seizes $725m from China's Xiaomi over 'illegal' remittances

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.

source https://www.lifetechnology.com/blogs/life-technology-technology-news/india-seizes-725m-from-chinas-xiaomi-over-illegal-remittances