The Central agency of the Narendra Modi-led government has issued a show cause notice to Xiaomi Technology India Private Limited and its officials and three banks over an alleged Rs 5551.27 crore illegal remittances. As per a report, the notice has been issued by the Enforcement Directorate (ED) over their involvement in illegal remittances amounting to Rs 5,551.27 crore. Xiaomi Launches Redmi Note 12 Series 5G Smartphones in India; Check Details Here.

Notice Issued to Xiaomi India and Three Banks

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