Xiaomi's Rs 5,551 Crore Assets Seized Over Forex Violations: Probe Agency

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Xiaomi's Rs 5,551 Crore Assets Seized Over Forex Violations: Probe AgencyThe company started its operations in India in 2014 and started remitting the money in 2015. It has so far remitted foreign currency equivalent to Rs 5,551.27 crore to three foreign-based entities.