The Enforcement Directorate has taken action against Xiaomi India, one of the major Chinese smartphone companies in India. The ED has seized more than ₹ 5 thousand crore deposited in bank accounts linked to the Chinese company.
Regarding such a big action taken by Xiaomi ED, ED says that the company follows all Indian laws and fully obeys all the rules. We are cooperating with the authorities in this investigation to ensure that they have all the necessary information.
