India's Enforcement Directorate says it has seized $725M from Xiaomi's bank accounts over allegedly illegal royalty payments to its foreign subsidiaries (Aditya Kalra/Reuters)

Aditya Kalra / Reuters:
India's Enforcement Directorate says it has seized $725M from Xiaomi's bank accounts over allegedly illegal royalty payments to its foreign subsidiaries  —  India said on Saturday it had seized $725 million from the local bank accounts of China's Xiaomi Corp (1810.HK) after a probe found …