Delhi High Court allows Huawei CEO Xiongwei Li to travel abroad on depositing ₹5 crore FDR

The High Court refused to set aside a trial court order quashing LOC against Li and noted that offences allegedly committed by him are non-cognizable and bailable.
Delhi High Court
Delhi High Court

The Delhi High Court has refused to set aside a trial court order quashing the Look Out Circular (LOC) against Huawei India CEO Xiongwei Li and allowing him to travel abroad on providing a Fixed Deposit Receipt (FDR) of ₹5 crore [Deputy Director of Income Tax (INX) v Xiongwei Li].

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