Xiaomi Seizure
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Xiaomi Files Appeal Against Probe Agency's Seizure Of Rs 5,551.27 Crore
A division bench of the High Court of Karnataka on Friday heard an appeal filed by smartphone maker Xiaomi challenging a single-judge order which had upheld the Enforcement Directorate's seizure of Rs 5,551.27 crore from its bank accounts.
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Xiaomi India Officials, 3 Banks Served ED Notice for FEMA Violation
Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause notice from the Enforcement Directorate (ED). According to an official, the ED has served show-cause notice for FEMA violation of Rs. 5,551 crore.Â
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High Court Upholds Rs 5,551 Crore Seizure From Xiaomi For Forex Violation
The High Court of Karnataka on Friday upheld the seizure of Rs 5,551.27 crore from Xiaomi India for violation of the Foreign Exchange Management Act (FEMA).
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Karnataka HC Rejects Xiaomi's Petition Challenging $676 Million Asset Freeze by ED: Report
Karnataka High Court has rejected China-based Xiaomi Corp's petition challenging the seizure of $676.35 million (roughly Rs. 5,500 crore) by the Enforcement Directorate, news website Live Law reported on Friday.
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Court Frees Xiaomi's Rs 3,700 Crore Deposits, Quashes Income Tax Order
In a major relief to Xiaomi Technology India Pvt Ltd, the Karnataka High Court has set aside Income Tax's seizure order of Rs 3,700 crore of the company's fixed deposits.
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Chinese Phone Maker Xiaomi Moves Court Again Over Seizure Of Assets
Chinese consumer electronics company Xiaomi Technology India Private Limited has once again approached the Karnataka High Court.
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Xiaomi "Disappointed" With 5,551 Crores Seizure, Says Will "Protect Interests"
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.
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Xiaomi's 5,551 Crores Seizure, India's Biggest, Okayed By Forex Authority
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.
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ED Seizes Rs. 5,551 Crore Worth of Deposits of Xiaomi India Under FEMA
The competent authority under the Foreign Exchange Management Act (FEMA) has approved an order of seizure of over Rs. 5,551 crore worth of deposits of Chinese mobile phone manufacturer Xiaomi, the highest amount frozen till date in India, the ED said on Friday. Xiaomi is a trader and distributor of mobile phones in the country under the brand name ...
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Xiaomi Said to Accuse Enforcement Directorate of 'Physical Violence' Threats During Probe
Chinese smartphone maker Xiaomi has alleged its top executives faced threats of "physical violence" and coercion during questioning by India's financial crime fighting agency, according to a court filing seen by Reuters.
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ED's Seizure of Xiaomi India Assets Worth $725 Million Said to Be Put on Hold by Indian Court
An Indian court is said to have put on hold a federal enforcement agency's decision to seize $725 million from local bank accounts of China's Xiaomi for suspected violations of foreign exchange laws, according to sources.
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Xiaomi Files Appeal Against Probe Agency's Seizure Of Rs 5,551.27 Crore
A division bench of the High Court of Karnataka on Friday heard an appeal filed by smartphone maker Xiaomi challenging a single-judge order which had upheld the Enforcement Directorate's seizure of Rs 5,551.27 crore from its bank accounts.
-
Xiaomi India Officials, 3 Banks Served ED Notice for FEMA Violation
Xiaomi India CFO Sameer Rao, former MD Manu Jain and three banks are said to have received show-cause notice from the Enforcement Directorate (ED). According to an official, the ED has served show-cause notice for FEMA violation of Rs. 5,551 crore.Â
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High Court Upholds Rs 5,551 Crore Seizure From Xiaomi For Forex Violation
The High Court of Karnataka on Friday upheld the seizure of Rs 5,551.27 crore from Xiaomi India for violation of the Foreign Exchange Management Act (FEMA).
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Karnataka HC Rejects Xiaomi's Petition Challenging $676 Million Asset Freeze by ED: Report
Karnataka High Court has rejected China-based Xiaomi Corp's petition challenging the seizure of $676.35 million (roughly Rs. 5,500 crore) by the Enforcement Directorate, news website Live Law reported on Friday.
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Court Frees Xiaomi's Rs 3,700 Crore Deposits, Quashes Income Tax Order
In a major relief to Xiaomi Technology India Pvt Ltd, the Karnataka High Court has set aside Income Tax's seizure order of Rs 3,700 crore of the company's fixed deposits.
-
Chinese Phone Maker Xiaomi Moves Court Again Over Seizure Of Assets
Chinese consumer electronics company Xiaomi Technology India Private Limited has once again approached the Karnataka High Court.
-
Xiaomi "Disappointed" With 5,551 Crores Seizure, Says Will "Protect Interests"
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.
-
Xiaomi's 5,551 Crores Seizure, India's Biggest, Okayed By Forex Authority
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.
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ED Seizes Rs. 5,551 Crore Worth of Deposits of Xiaomi India Under FEMA
The competent authority under the Foreign Exchange Management Act (FEMA) has approved an order of seizure of over Rs. 5,551 crore worth of deposits of Chinese mobile phone manufacturer Xiaomi, the highest amount frozen till date in India, the ED said on Friday. Xiaomi is a trader and distributor of mobile phones in the country under the brand name ...
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Xiaomi Said to Accuse Enforcement Directorate of 'Physical Violence' Threats During Probe
Chinese smartphone maker Xiaomi has alleged its top executives faced threats of "physical violence" and coercion during questioning by India's financial crime fighting agency, according to a court filing seen by Reuters.
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ED's Seizure of Xiaomi India Assets Worth $725 Million Said to Be Put on Hold by Indian Court
An Indian court is said to have put on hold a federal enforcement agency's decision to seize $725 million from local bank accounts of China's Xiaomi for suspected violations of foreign exchange laws, according to sources.
