India, July 8 -- The Madras high court has upheld the Enforcement Directorate's (ED) action against Chinese mobile phone manufacturer Xiaomi under the foreign exchange management act (Fema), in which the agency had ordered seizure of deposits worth Rs.5,521 crore, stating that it cannot "interfere" at this stage with the opinion formed under the Fema rules. The financial crimes probe agency had alleged that Xiaomi Technology India Pvt Ltd had remitted abroad foreign exchange worth Rs.5,521 crore between 2015 and 2022 in the form of royalty payments to parent companies in violation of the law, and attached equivalent funds of the company in April 2022. The seizure was confirmed by an adjudicating authority or AA (a special director rank offi...