> Tech Xiaomi India, along with its officials and three banks, is facing legal scrutiny as the Adjudicating Authority in India has issued a show-cause notice. This action follows a complaint lodged by the Enforcement Directorate (ED) against the company, alleging illicit remittances totaling Rs 5551.27 crores. The notice has drawn attention to a significant seizure order under the Foreign Exchange Management Act (FEMA) last year, which marked the highest amount ever seized in India. SEE ALSO: ChatGPT Creator Sam Altman Claims That AI Is A Double-Edged Sword; Here’s Why The Allegations As per the report, the Enforcement Directorate has...