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Xiaomi's counsel asserted that Section 37A of the FEMA was manifestly arbitrary since it conferred unbridled powers on the authorities to seize property. ....
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. ....
Chinese smartphone maker Xiaomi Corp on Sunday said it was "disappointed" with an Indian order that froze $682 million of its assets and would continue to protect its interests. ....
India's foreign exchange authority has confirmed the seizure of Chinese phone maker Xiaomi's Rs 5,551 crore for allegedly sending money abroad, the country's top anti-money laundering body said in a statement today. ....
India should stop its "regulatory assault" on Chinese companies, state-backed Chinese newspaper Global Times said, after smartphone maker Xiaomi Corp alleged threats of "physical violence" in Indian investigations. ....