Republic World
Updated 23 July 2025 at 14:21 IST The Enforcement Directorate (ED) has filed a formal complaint under Section 16(3) of the Foreign Exchange Management Act (FEMA), 1999, against Myntra Designs Private Limited, its associated companies, and directors, for alleged violations amounting to Rs 1,654.35 crore. The ED claims that Myntra misused the foreign direct investment
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ED Files Rs 1,645 Crore FEMA Violation Complaint Against Myntra and Directors: What You Need to Know
Gunjan Rajput
23:19
Updated 23 July 2025 at 14:21 IST The Enforcement Directorate (ED) has filed a formal complaint under Section 16(3) of the Foreign Exchange Management Act (FEMA), 1999, against Myntra Designs Private Limited, its associated companies, and directors, for alleged violations amounting to Rs 1,654.35 crore. The ED claims that Myntra misused the foreign direct investment
