„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 the smartphone maker had made illegal remittances to foreign entities by passing them off as royalty payments.“
India seizes $725 million of Xiaomi assets over illegal remittances
India said a probe found the smartphone maker made illegal remittances to foreign entities by passing them off as royalty payments.
www.reuters.com