ED seizes Rs 5,551 crore assets of Chinese smartphone giant Xiaomi in foreign exchange case

The Enforcement Directorate (ED) on Saturday said it has seized Rs 5,551 crore from Bengaluru-based Chinese telecom firm Xiaomi Technology India for "illegal outward remittances".The ED has initiated investigation in connection with the illegal remittances made by the company in the month of February this year, the agency said in a statement.

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