Xiaomi India Misled Deutsche Bank for Years on 'Illegal' Royalty Payments, Documents Show

Xiaomi India misled banker Deutsche Bank for years, by claiming it had an agreement for payment of royalties when it had none, according to legal documents. One of Xiaomi's four bank accounts in India frozen by the ED is at Deutsche Bank. The company denies wrongdoing and approached an Indian court arguing its payments were legitimate and that the assets freeze, which...