India’s financial crime agency on Tuesday arrested four industry executives including one Chinese national working for…
Tag: ED
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…
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…
Karnataka HC Rejects Xiaomi’s Challenge to $676 Million Asset Freeze: Report
Karnataka High Court has rejected China-based Xiaomi’s petition challenging the seizure of $676.35 million (roughly Rs.…
Vivo’s Bank Account Freezing Matter to Be Heard by PMLA Appellate Tribunal
The Delhi High Court has asked Chinese smartphone maker Vivo to approach the PMLA Appellate Tribunal…
Razorpay Says Funds Not Frozen by ED, Firm Cooperating With Agency
Payments solution provider Razorpay, which was raided by the Enforcement Directorate recently, in a statement said…
Xiaomi Rejects Speculation on Firm Moving India Operations to Pakistan
Xiaomi on Friday dismissed speculation that the company might move its operations from India to Pakistan.…
Xiaomi’s Appeal for Relief Over $676 Million Asset Freeze Declined in India
An Indian court on Thursday declined to lift a freeze on Xiaomi’s $676 million (nearly Rs.…
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…
ED Freezes Bitcoins Worth Over Rs. 12 Crore From Gaming Platform E-Nuggets
The Directorate of Enforcement (ED) has frozen Bitcoins equivalent to worth Rs. 12.83 crore under the…