Thursday, May 12, 2022

Xiaomi Funds Worth $478 Million Said to Be Frozen by ED During Alleged Tax Evasion Investigation

ED froze Xiaomi’s $478 million (roughly Rs. 3,699 crore) worth of deposits in local bank accounts as part of an investigation into alleged tax evasion, according to sources. The freeze by the income tax department was cited by Xiaomi in a May 4 court filing in southern Karnataka state.

from Gadgets 360 https://gadgets360.com/mobiles/news/xiaomi-ed-indian-tax-officials-deposits-usd-478-million-alleged-tax-invasion-investigation-2969952#rss-gadgets-mobiles
via IFTTT

No comments:

Post a Comment

Honor Magic V2 RSR Porsche Design is coming to Europe

Earlier today, Honor finally launched the Magic V2 in Europe, almost five months after its initial announcement. Don't miss our unboxin...