ED Slaps Myntra With FEMA Case Over Rs 1,654 Crore FDI Violation
New Delhi: The Enforcement Directorate (ED) has filed a formal complaint against Myntra Designs Pvt. Ltd., its group companies, and their directors for allegedly violating foreign exchange rules. According to the ED’s Bengaluru Zonal Office, the company is accused of receiving illegal foreign investments worth ₹1,654.35 crore, breaching provisions under the Foreign Exchange Management Act…