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Xiaomi Feels Disappointed by ED Order to Seize Assets, Says Will Continue to Protect Reputation

Xiaomi Feels Disappointed by ED Order to Seize Assets, Says Will Continue to Protect Reputation

Chinese smartphone maker Xiaomi on Sunday said it was “disappointed” with an Indian order that froze $682 million (nearly Rs. 5,551 crore) of its assets and would continue to protect its interests. An Indian appellate authority on Friday confirmed an April order by India’s federal financial crime fighting agency, the Enforcement Directorate, to seize Rs. 5,551…