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XIAOMI ED CASE
Made 'opposite party' in CCI probe without notice: XiaomiXiaomi India has been named as an 'opposite party' in a CCI investigation on exclusive smartphone launches on platforms like Amazon and Fli...- Xiaomi files appeal against ED's seizure of Rs 5,551.27 croreThe counsel for the company argued that the seizure was unnecessary and under Section 37A of FEMA even the necessity of suspicion is not re...
- Karnataka HC to hear Xiaomi appeal against Rs 5,000 crore ED award on October 12The tech firm also reiterated before the division bench that Section 37A of FEMA was unconstitutional, saying that it gives unbridled and u...
- Xiaomi India to rejig operations, bring headcount to below 1,000The layoffs come with the company rejigging its internal structures, with most of the decisions now being taken by the Chinese parent - a c...
- ED issues show-cause notice to Xiaomi India top officials, 3 banksThe adjudicating authority under the Foreign Exchange Management Act has issued show-cause notices to Xiaomi Technology India Private Limit...
- Phone companies may rework royalty pacts to avoid probe, say expertsThey say the Enforcement Directorate's investigation into Xiaomi India's royalty payments has larger implications for overseas companies in...
- Xiaomi approaches Karnataka High Court again over seizure of assetsThe ED had earlier this year ordered the seizure of Rs 5,551.27 crore in the accounts of Xiaomi for allegedly violating FEMA rules and tran...
- Xiaomi India moves HC against seizure of over ₹5,500-cr assetsXiaomi India will also approach the appellate tribunal empowered under FEMA, challenging the competent authority's confirmation of the ED o...
- India probes may adversely affect operating results or cash flows: XiaomiChinese smartphone maker Xiaomi on Friday said the ongoing investigations and allegations in India could take a long period of time to sett...
- Karnataka HC tells Xiaomi to approach competent authority under FEMA over assets frozen by EDXiaomi had approached the High Court against this order. In its judgement on July 5, Justice S G Pandit pointed out that the resolution mec...
- Enforcement Directorate raids at Vivo, other firms 'chill investment confidence,' says ChinaAs the Enforcement Directorate (ED) continued searches at the premises of Chinese companies in a money laundering case, Wang Xiaojian, coun...
- Vivo in dock for 'misleading govt, banks', phone firm's execs likely to be summonedThe ED is expected to probe if shell companies such as the J&K distributor were used to launder money, including for diversion of funds to ...
- HC backs ED, says Xiaomi FEMA case to be decided by ‘competent authority’The single bench judge of Justice SG Pandit accepted the contention of the additional solicitor general representing ED. The ED counsel sai...
- Twitter sues Indian govt; ED raids Vivo offices in money-laundering caseLast week we reported that the Indian government had given Twitter until July 4 to heed its takedown requests or lose immunity from prosecu...
- ED raids Vivo premises amid money laundering allegationsThe searches are being carried out under sections of the Prevention of Money Laundering Act (PMLA). The agency is conducting searches at 44...
- Industry calls out ED over action against smartphone brands on 'legitimate' royalty paymentsIndia Cellular and Electronics Association (ICEA), in a letter to FM Nirmala Sitharaman, commerce minister Piyush Goyal and IT minister Ash...
- Xiaomi weighs options against ED moveLegal experts say the Chinese smartphone maker has few options. For one, it can always appeal but that can only happen once the chargesheet...
- ED seizes Rs 5,500 crore of Xiaomi in FEMA caseCompany being probed over alleged illegal royalty payments made to three foreign entities. Smartphone maker denies any wrongdoing, assures ...
- ED summons execs of Xiaomi, OnePlus over 'forex violations'In the case of Xiaomi, the ED is probing alleged foreign remittances of more than ₹1,000 crore, said people in the know. These remittances ...
- Xiaomi global Vice President Manu Jain appears before Enforcement Directorate in FEMA caseThe federal probe agency, according to sources, is investigating the company and its executives under the provisions of the Foreign Exchang...
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