ED alleges Rs 1,654 crore FDI breach at Flipkart-owned Myntra

added a post in Business

2025-07-23 14:20:14 -

The Enforcement Directorate has filed a complaint against Myntra. The complaint alleges violations of foreign direct investment norms. Myntra is accused of operating as a multi-brand retail trade under the guise of wholesale operations. The agency claims Myntra received significant foreign investments improperly. These investments totaled Rs 1,654.35 crore. Myntra denies the allegations and...

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