BREAKING: ED seizes Xiaomi India's assets worth Rs 5551 crore over FEMA violation
The agency, which investigates financial crimes, found the company in violation of the Foreign Exchange Management Act.
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BREAKING: ED seizes Xiaomi India's assets worth Rs 5551 crore over FEMA violation
DNA
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Xiaomi started its operations in India in 2014 and started remitting the money from the next year, it said.
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