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Xiaomi used 30% of ₹5,551 crore liable to be seized: ED, Central government to Karnataka High Court

The Centre and the ED pointed out that though the Court upheld the ED's seizure order in April, it failed to ensure that Xiaomi maintained the disputed funds in its bank accounts. ....

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Rs 5,551.27 crore seized from Xiaomi India confirmed to be illegally transferred abroad, says ED

An authority appointed under the Foreign Exchange Management Act has found that the amount was transferred to three foreign companies in violation of the law. ....

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