Karnataka HC declines relief to Xiaomi, company says India operations ‘effectively halted’
An Indian court on Thursday declined to lift a freeze on Xiaomi Corp’s $676 million worth of assets, even as the Chinese smartphone group said this enforcement action had “effectively halted” its operations in its key Indian market. India’s federal financial crime agency, the Enforcement Directorate, froze 55.51 billion rupees of Xiaomi assets in April, […]
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