India's Enforcement Directorate says it has seized $725M from Xiaomi's bank accounts over allegedly illegal royalty payments to its foreign subsidiaries (Aditya Kalra/Reuters)

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Aditya Kalra / Reuters:

India’s Enforcement Directorate says it has seized $725M from Xiaomi’s financial institution accounts over allegedly unlawful royalty funds to its overseas subsidiaries  —  India stated on Saturday it had seized $725 million from the native financial institution accounts of China’s Xiaomi Corp (1810.HK) after a probe discovered …





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