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 in April. The

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