New Delhi- On April 29th Indian government authorities seized some $725 million from smartphone manufacturer Xiaomi. Xiaomi is another example of a company thrown in the middle of the rising tensions between China and India.
Indian officials accused Xiaomi of breaking the nation’s foreign exchange laws, and afterwards would announce the seizure on social media. This follows an investigation launched by the government back in February when they suspected the Chinese brand of making illegal foreign remittances.
Earlier this month officials had put the company’s global vice president Manu Jumar Jain under questioning as part of the investigation. According to Indian authorities Xiaomi transferred the $725 million into three foreign actors, disguising them as royalty payments.
This follows years of clashes between the two nations. Back in early 2020 India banned well over 100 Chinese apps as a result of escalating border clashes. Then, in June of that same year, troops from the two nations would get into violent conflict alongside China’s border, killing 20 Indians and four Chinese soldiers.
Since then Chinese Foreign Minister Wang Yi has traveled to New Delhi to attempt to de-escalate the conflict alongside the border.
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