Archive · 23 Jul 2025

ED Files FEMA Case Against Myntra for FDI Violations

ED Files FEMA Case Against Myntra for FDI Violations

The government is investigating Myntra, an online shopping company, for possibly breaking some rules about how they get money from other countries.

The government thinks Myntra pretended to be a wholesale business to get money, but was really selling things directly to customers.

This is against the rules.

They say Myntra sold almost all its products to another company in the same group, which then sold them to individual buyers.

Because Myntra did this they might have broken the rules about how much they can sell to their own related companies.

Myntra says it hasn't seen the complaint yet and will help the government.

Sources