Investing

India seizes $725 million China's Xiaomi over remittances


NEW DELHI (AP) — Indian authorities on Saturday seized $725 million from Chinese smartphone company Xiaomi, accusing it of breaking the country’s foreign exchange laws by making illegal remittances abroad, officials said. The Enforcement Directorate, India’s financial investigation agency, tweeted …

Read more at apnews.com

Show More

Related Articles

Back to top button