Xiaomi’s Challenge Against Seizure Of Rs 5,551 Cr For FEMA Violation Rejected
Karnataka High Court on Friday dismissed the challenge by Xiaomi against The Enforcement Directorate’s (ED) order which had seized Rs 5,551.27 crore from Xiaomi India for violation of the Foreign Exchange Management Act (FEMA). In 2022, the ED had ordered the seizure of Rs 5,551.27 crore in the accounts of Xiaomi for reportedly violating FEMA […]