ED Accuses Myntra of FDI Violations Worth ₹1,654 Crore

The government is looking into whether Myntra, an online store for clothes, followed the rules about how foreign companies can invest in India.

The government says Myntra might have pretended to be doing one type of business (wholesale) when they were actually doing another (selling directly to customers).

This matters because the rules are different for each type.

The government believes that a company called Vector helped Myntra do this.

Myntra says it will work with the government to sort things out and that it always follows the rules.