FEMA violation: Karnataka HC reserves verdict on Xiaomi plea
Bengaluru, Nov 17: The Karnataka High Court has reserved its judgement on the plea filed by Chinese technology firm, Xiaomi challenging the order passed by the Enforcement Directorate (ED), seizing Rs 5,551 crore in its bank accounts for alleged violation of FEMA rules.
Justice M Nagaprasanna concluded the hearing of arguments today and reserved the judgement.
Xiaomi Technology India Pvt Ltd filed the petition on October 3, challenging a September 29 order of the Competent Authority appointed under the Foreign Exchange Management Act (FEMA), which confirmed the April 29 seizure order of the ED to freeze the amount in the company's bank accounts.
The ED had earlier this year ordered the seizure of Rs.5,551.27 crore in the bank accounts of Xiaomi for allegedly violating FEMA rules and transferring money in the guise of royalty to three companies outside India, in the USA and China.
The company had moved the high court earlier this year against this order. However, the court had ordered it to approach the Competent Authority under FEMA.
When the competent authority upheld the ED order, Xiaomi approached the HC again.
Xiaomi claimed that the Competent Authority did not allow a representative of a foreign bank to examined during the hearing.
The company in the new petition has also challenged the validity of the Section 37-A of FEMA, which relates to assets held outside India by a company incorporated in India.
The ED has claimed that there was only Rs.1,900 crore in the accounts of Xiaomi now from the earlier Rs.5551.27 crore.
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UP: Teacher booked for beating class 6 student over wearing cap to school
Ballia(UP) (PTI): The teacher of a convent school in the Chitbaragaon police station area here was booked for allegedly beating a class six student for wearing a cap to school, police said on Thursday.
The teacher allegedly beat the child again after his father complained to the school authorities about the incident, Chitbaragaon police station in-charge Prashant Kumar Chaudhary said.
An FIR was filed against Jitendra Rai, a teacher at Nav Bharat Children Academy, on the complaint of Anil Kumar Gupta from Jai Prakash Nagar village on Wednesday, police said.
In his complaint, Gupta accused Rai of using abusive language against his son, Shlok Gupta, for wearing a cap to school and beating him for it, Chaudhary said, adding that the incident took place on December 20.
When Gupta went to the school the next day to deposit the fees, he complained about the teacher to the school principal, he said.
Angered by this, Rai beat the student again on the same day and banged his head against the wall, Chaudhary added.
The matter is under investigation, he said.
