Crisis in India against China’s Xiaomi: ED probes Rs 5,551 crore scam

The trouble has started in India for Xiaomi. The Enforcement Directorate has issued notices against Xiaomi executives and bank officials for violating FEMA rules. Big banks like Citigroup, HHBC and Germany’s Deutsche Bank are also involved in this case. 5551.27 crore has been illegally withdrawn by the company.