Myntra in trouble? ED issues Rs 1,654 crore FEMA notice for FDI violation
Myntra, one of India’s largest fashion e-commerce brands, has received a notice from India’s financial crime watchdog for allegedly violating the country’s foreign investment rules. On Wednesday, July 23, the Enforcement Directorate stated that Flipkart-owned e-commerce platform Myntra received foreign investment worth Rs 1,654.35 crore by claiming to operate a “wholesale cash and carry” business, […]
Continue Reading
