ED issues notices to Xiaomi, 2 senior executives for FEMA 'violations' to the tune of ₹5,551 crore

The adjudicating authority (of the Foreign Exchange Management Act or FEMA) had issued the notices to Xiaomi Technology India Private Ltd., the two executives, Citibank, HSBC bank and Deutsche Bank AG under Section 16 of the FEMA, the federal agency said in a statement

from | The Hindu