Huawei CEO secures bail from Delhi court in tax evasion probe
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A lower court has passed a judgement in the favour of Huawei Telecommunications’ CEO Li Xiongwei. The local court has granted conditional bail to Xiongwei only if he submits an interest-bearing fixed deposit receipt (FDR) of INR 5 Lakh and two Indian individuals as sureties. According to the ET report, the trial court has asked Huawei India’s CEO to submit FDR in the name of the principal district and sessions judge, Tis Hazari Delhi.