ED files FEMA case against Myntra, linked firms for Rs 1,654 cr violation
ADVERTISEMENT Last year, the central agency had conducted searches at some vendors operating on the platforms of Amazon and Flipkart for alleged violations of foreign exchange and foreign direct investment (FDI) rules.
The agency had searched 19 premises across New Delhi, Bengaluru, Mumbai, Hyderabad and Panchkula (Haryana) at the 'main vendors of Amazon and Flipkart."
ED had allegedly unearthed certain FEMA violations that are ordinarily civil offences and entail monetary penalties.
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