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India unlocks Xiaomi accounts, but trial is not over yet

  • May 8, 2022
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A few days ago, it was revealed that Xiaomi India’s bank accounts were hacked with the following suspicion. Xiaomi was sending money abroad in the form of royalty.It’s

A few days ago, it was revealed that Xiaomi India’s bank accounts were hacked with the following suspicion. Xiaomi was sending money abroad in the form of royalty.It’s an operation that will be coordinated by the headquarters in China, but Xiaomi has been right from the start, arguing that it pays for the certifications its devices must receive to be marketed in different parts of the world.

Unlocked $725 million

The blocked figure amounted to $ 725 million. Xiaomi has taken the case to the Supreme Court of the south Indian state of Karnataka, where they have currently unblocked the company’s accounts.

After hearing two Xiaomi lawyers, the court unlocked the accounts and found no crimes. The final decision will be announced on 12 May.. The sentence is currently not available to the public.

Let’s remember according to the consultant CounterpointXiaomi is the world’s leading smartphone manufacturer in India. Captures 24% of total quota and is one of the most important television manufacturers in the country. They even have their own factories in India.

Former president of Xiaomi in India, Manu Kumar Jain was also summoned and questioned as part of the investigation. of the General Directorate. Now it remains to wait for the penalty, but for now Xiaomi can take the money.

More info | ITH Home

Source: Mundo Xiaomi

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