Xiaomi India Dismisses Speculation on India Operations Being Moved to Pakistan as 'False and Baseless'

Xiaomi on Friday refuted a claim made by a portal that the company might shift its India operations to Pakistan after the government froze the company's assets worth $676 million (roughly Rs. 5,500 crore). The company is being probed by the Enforcement Directorate for allegedly made illegal remittances to foreign entities by passing them off as royalty payments. 

from Gadgets 360 https://ift.tt/C8IKXNB
https://ift.tt/wpoORNV