Tag: Redmi
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Xiaomi Assets Valuing Rs 5,551 Crore Seized By ED Over Alleged Forex Norm Violation
Xiaomi the popular smartphone manufacturer across the globe seems to be in trouble as the Enforcement Directorate has seized the company’s assets worth Rs 5,551 crore. Yes! You read it correctly, the assets are seized from the Bangalore-based Xiaomi Technology India for “illegal outward remittances”. It seems that the company has beached the norms of…