ED notice to Xiaomi India, 3 banks for alleged FEMA violatio

ED notice to Xiaomi India, 3 banks for alleged FEMA violation of $ 5,551 cr

For a FEMA violation of $5,551 crore, the Enforcement Directorate issued a show-cause notice to Xiaomi Technology India, CFO Sameer Rao, its former MD Manu Jain, and 3 banks. According to the officials, the notice relates to illegal remittances made by the company totaling $5,555.27 crores.

Related Keywords

Xiaomi , Fujian , China , India , Chinese , Kumar Jain , Sameer Rao , Sameerb Rao , Deutsche Bank , Xiaomi Technology India , Enforcement Directorate , Technical Collaboration Agreement , China Based Xiaomi , Xiaomi India ,

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