News of the World

[kyonides]

India seizes $725 million China’s Xiaomi over remittances

Indian authorities on Saturday seized $725 million from Chinese smartphone company Xiaomi, accusing it of breaking the country’s foreign exchange laws by making illegal remittances abroad, officials said.

The Enforcement Directorate, India’s financial investigation agency, tweeted that it had seized the amount from Xiaomi’s local unit. The move comes after an investigation was launched by the federal agency in February over concerns of illegal remittances, local media reported.

The agency said the smartphone maker had transferred $725 million to “three foreign based entities” under the guise of royalty payments, according to a statement quoted by the Press Trust of India. Earlier this month, the agency had also questioned Xiaomi’s global vice president, Manu Kumar Jain, at the company’s regional office in the southern city of Bengaluru, PTI reported.

Of course the  Chinese company claimed the transfers were legitimate.

Pelosi, Schiff Make Unannounced Visit
to Ukraine: ‘Support Is on the Way’

House Speaker Nancy Pelosi (D-Calif.) and a delegation of U.S. lawmakers revealed that they traveled to Ukraine’s capital to meet with Ukrainian President Volodymyr Zelenskyy in a bid to express solidarity with the country.
...
Several other top Democratic House members traveled with Pelosi to Kyiv, including Foreign Affairs Committee Chair Gregory Meeks (D-N.Y.), Intelligence Committee Chair Adam Schiff (D-Calif.), and Rules Committee Chair Jim McGovern (D-Mass.). A video posted by Zelenskyy’s Twitter account apparently showed the delegation walking on the streets of Kyiv before they were greeted by the Ukrainian leader.
...
Pelosi said Congress would work with the White House to pass a $33 billion aid package for Ukraine. President Joe Biden last week called on Congress to pass the measure, while similarly announcing another $800 million in security assistance for the country.

Whenever Pelosi and Schiff get involved in any issue, I can't help but think that something is gonna go wrong in the (near) future.