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This is in alleged violation of extant Foreign Direct Investment (FDI) guidelines, the Enforcement Directorate (ED) said.

According to the ED’s Bengaluru Zonal Office, Myntra and its group firms allegedly engaged in multi-brand retail trading ...

According to the ED, Myntra and its associated entities carried out Multi-Brand Retail Trade (MBRT) activities while falsely claiming to operate as 'Wholesale Cash & Carry' businesses.

The court also rejected ED’s reliance on alleged FEMA violations, saying such infractions don’t automatically trigger PMLA ...

This is a developing story. It will be updated. - Ends Published By: Anupriya Thakur Published On: Jul 23, 2025 Watch Live TV ...

Myntra is under ED scrutiny over an alleged FDI violation, with a FEMA complaint filed against the e-commerce giant ...