{"id":440367,"date":"2022-05-01T11:57:59","date_gmt":"2022-05-01T08:57:59","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/india-seizes-725m-from-chinas-xiaomi-over-illegal-remittances\/"},"modified":"2022-05-01T11:57:59","modified_gmt":"2022-05-01T08:57:59","slug":"india-seizes-725m-from-chinas-xiaomi-over-illegal-remittances","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/india-seizes-725m-from-chinas-xiaomi-over-illegal-remittances\/","title":{"rendered":"#India seizes $725m from China&#8217;s Xiaomi over &#8216;illegal&#8217; remittances"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a374c603eb9c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a374c603eb9c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/india-seizes-725m-from-chinas-xiaomi-over-illegal-remittances\/#%E2%80%9CIndia_seizes_725m_from_Chinas_Xiaomi_over_%E2%80%98illegal_remittances%E2%80%9D\" >&#8220;India seizes $725m from China&#8217;s Xiaomi over &#8216;illegal&#8217; remittances&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CIndia_seizes_725m_from_Chinas_Xiaomi_over_%E2%80%98illegal_remittances%E2%80%9D\"><\/span>&#8220;India seizes $725m from China&#8217;s Xiaomi over &#8216;illegal&#8217; remittances&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<div class=\"article-gallery lightGallery\">\n<div data-thumb=\"https:\/\/scx1.b-cdn.net\/csz\/news\/tmb\/2022\/anti-china-sentiment-h.jpg\" data-src=\"https:\/\/scx2.b-cdn.net\/gfx\/news\/2022\/anti-china-sentiment-h.jpg\" data-sub-html=\"Anti-China sentiment has grown in India, sparking calls for consumer boycotts of Chinese products like electronics giant Xiaomi.\">\n<figure class=\"article-img\">\n            <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/scx1.b-cdn.net\/csz\/news\/800a\/2022\/anti-china-sentiment-h.jpg\" alt=\"Anti-China sentiment has grown in India, sparking calls for consumer boycotts of Chinese products like electronics giant Xiaomi\" title=\"Anti-China sentiment has grown in India, sparking calls for consumer boycotts of Chinese products like electronics giant Xiaomi.\" width=\"800\" height=\"530\"\/><figcaption class=\"text-darken text-low-up text-truncate-js text-truncate mt-3\">\n                Anti-China sentiment has grown in India, sparking calls for consumer boycotts of Chinese products like electronics giant Xiaomi.<br \/>\n            <\/figcaption><\/figure>\n<\/p><\/div>\n<\/div>\n<p>India seized $725 million from the local bank accounts of Xiaomi after a probe found the Chinese smartphone giant unlawfully sent money abroad in the guise of royalty payments, authorities said Saturday.<\/p>\n<p>                                                                                India&#8217;s financial crime investigations agency began investigating the company in February and said it seized the money from the firm&#8217;s local arm after discovering it had made remittances to three foreign-based entities.<\/p>\n<p>&#8220;Such huge amounts in the name of royalties were remitted on the instructions of their Chinese parent group entities,&#8221; the Enforcement Directorate said in a statement.<\/p>\n<p>Xiaomi India has denied the allegations, saying late Saturday that its &#8220;operations are firmly compliant with local laws and regulations&#8221;.<\/p>\n<p>&#8220;We believe our royalty payments and statements to the bank are all legit and truthful,&#8221; Xiaomi India tweeted.<\/p>\n<p>&#8220;We are committed to working closely with the government authorities to clarify any misunderstandings.&#8221;<\/p>\n<p>The firm&#8217;s India office was raided in December in a separate investigation over alleged income tax evasion. <\/p>\n<p>Other Chinese smartphone makers including Huawei also had their Indian offices searched at the time.<\/p>\n<p>Relations between New Delhi and Beijing have been at a low ebb since a deadly Himalayan border clash between soldiers from both countries in 2020. <\/p>\n<p>In the aftermath, India&#8217;s home ministry banned hundreds of mobile <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications of Chinese origin, including the popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> platform Tiktok. <\/p>\n<p>The government justified the bans on the apps as safeguarding against threats to India&#8217;s sovereignty.<\/p>\n<p>Anti-China sentiment has grown in India since the fatal 2020 troop clash, sparking calls for consumer boycotts of Chinese goods.<\/p>\n<p>China continues to be a key economic partner for India, with more than $125 billion in bilateral trade last year according to media reports.\n                                                                                                                        <\/p>\n<hr\/>\n<div class=\"article-main__explore my-4 d-print-none\">\n<p>                                            Tencent-backed tech giant&#8217;s hit <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> &#8216;banned in India&#8217;\n                                        <\/p><\/div>\n<hr class=\"mb-4\"\/>\n<p class=\"article-main__note mt-4\">\n                                                \u00a9 2022 AFP<\/p>\n<p>                                        <!-- print only --><\/p>\n<div class=\"d-none d-print-block\">\n<p>                                                 <strong>Citation<\/strong>:<br \/>\n                                                 India seizes $725m from China&#8217;s Xiaomi over &#8216;illegal&#8217; remittances (2022, May  1)<br \/>\n                                                 retrieved  1 May 2022<br \/>\n                                                 from https:\/\/techxplore.com\/<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>\/2022-05-india-seizes-725m-china-xiaomi.html<\/p>\n<p>                                            This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no<br \/>\n                                            part may be reproduced without the written permission. The content is provided for information purposes only.<\/p><\/div>\n<\/p><\/div>\n<p><script id=\"facebook-jssdk\" async=\"\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/science\/\" target=\"_blank\" rel=\"noopener\">Science category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/techxplore.com\/news\/2022-05-india-seizes-725m-china-xiaomi.html\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;India seizes $725m from China&#8217;s Xiaomi over &#8216;illegal&#8217; remittances&#8221; Anti-China sentiment has grown in India, sparking calls for consumer boycotts of Chinese products like electronics giant Xiaomi. India seized $725 million from the local bank accounts of Xiaomi after a probe found the Chinese smartphone giant unlawfully sent money abroad in the guise of royalty&#8230;<\/p>\n","protected":false},"author":1,"featured_media":440368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/scx2.b-cdn.net\/gfx\/news\/2022\/anti-china-sentiment-h.jpg","fifu_image_alt":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-440367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sciencee"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/440367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=440367"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/440367\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/440368"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=440367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=440367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=440367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}