BREAKING: ED seizes Xiaomi India's assets worth Rs 5551 crore over FEMA violation

The Enforcement Directorate, in one of its biggest hauls, has seized Chinese smartphone manufacturer Xiaomi India's assets worth Rs 5551.27 crore. The agency, which investigates financial crimes, found the company in violation of the Foreign Exchange Management Act with regard to the illegal outward remittances made by it, ANI...