India's Enforcement Directorate says it has seized $725M from Xiaomi's bank accounts over allegedly illegal royalty payments to its foreign subsidiaries (Aditya Kalra/Reuters)

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4 years ago

India's Enforcement Directorate says it has seized 5M from Xiaomi's bank accounts over allegedly illegal royalty payments to its foreign subsidiaries (Aditya Kalra/Reuters)

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Aditya Kalra / Reuters:

India’s Enforcement Directorate says it has seized $725M from Xiaomi’s bank accounts over allegedly illegal royalty payments to its foreign subsidiaries — India said on Saturday it had seized $725 million from the local bank accounts of China’s Xiaomi Corp (1810.HK) after a probe found …

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