ED seizes Rs 5,551 crore from Chinese telecom firm Xiaomi in Bengaluru

The Directorate of Enforcement (ED), in one of its biggest operations, seized Rs 5,551.27 crore from a Bengaluru-based Chinese telecom firm #Xiaomi Technology India. The seizure was made after months-long investigations by ED. Xiaomi, which is one of the top mobile phone brands in the country, has an annual turnover of Rs 34,000 crore.