Xiaomi India ED case: Company says all ‘payments’ done via RBI-approved banking channels
Xiaomi India has issued an in-depth statement regarding the assets worth Rs 5,551.27 crore that were seized by the Foreign Exchange Management Act (FEMA) authority, claiming that nearly 84 per cent of the same is due to be paid as royalties to Qualcomm. Xiaomi’s assets were seized for alleged violations of foreign exchange regulations with […]
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