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⚡ED Files FEMA Complaint Against Myntra for Alleged FDI Violation Worth INR 1,654 Crore

By IANS

ED on Wednesday said that it has filed a formal complaint against Myntra Designs Private Limited, its related companies, and their directors for alleged violations under the Foreign Exchange Management Act (FEMA), 1999. The action was taken by the Bengaluru Zonal Office of the ED, accusing the company of illegal foreign investment practices amounting to Rs 1,654.35 crore.

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