Xiaomi used 30% of ₹5,551 crore liable to be seized: ED, Central government to Karnataka High Court

The Centre and the ED pointed out that though the Court upheld the ED's seizure order in April, it failed to ensure that Xiaomi maintained the disputed funds in its bank accounts.
Karnataka HC and Xiaomi
Karnataka HC and Xiaomi

The Central government and the Enforcement Directorate (ED) have moved an appeal before the Karnataka High Court to effect the seizure of ₹5,551.27 crore from the bank accounts of Chinese technology company Xiaomi. [Union of India v. Xiaomi Technology India Pvt Ltd]

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