Financial Crime Financial Crime

Reinstate freeze on Xiaomi's bank accounts, India's enforcement agency tells high court

By Freny Patel
  • 12 May 2022 11:37
  • 12 May 2022 11:37
India's financial crime-fighting agency asked the Karnataka High Court today to reinstate the freeze order on the Indian bank accounts of Chinese mobile manufacturer Xiaomi.
On May 5, the High Court passed an interim order for a stay on the seizure of the company’s bank assets by the Enforcement Directorate

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Freny Patel


Freny has been covering antitrust law, M&A and regulations for over a decade, serving as Asia editor at Policy and Regulatory Report. Prior to joining as an editor at Mergermarket, she headed the banking bureau of a leading Indian financial daily, Business Standard. When India privatized the insurance sector, she had her own column in The Observer.

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