Walmart's Indian fashion arm Myntra is being investigated for allegedly breaching rules that ban foreign-funded wholesale ...

India's financial crime agency said on Wednesday an investigation had found that Walmart's fashion business Myntra Designs breached laws prohibiting foreign wholesalers from selling to consumers.

India's financial crime watchdog filed a complaint against Walmart-backed Myntra, alleging the company violated foreign investment rules by channeling over $191 million through a related-party scheme.

The Enforcement Directorate has filed a complaint under Fema against Myntra, its entities, and directors for alleged FDI ...

In a bid to protect domestic retailers and traders, India prohibits foreign companies engaging in wholesale business to make ...

The investigation comes at a time when e-commerce firms operating in India, particularly those backed by foreign investment, ...

Myntra, a Flipkart-backed e-commerce platform, is facing a FEMA case by India's Enforcement Directorate for alleged FDI ...

The directorate of enforcement (ED) has filed a formal complaint against Flipkart-owned fashion e-commerce firm Myntra ...

The Enforcement Directorate has filed a case against Myntra for alleged FDI contravention, accusing the platform of engaging ...

Walmart's Indian fashion arm Myntra is being investigated for allegedly breaching rules that ban foreign-funded wholesale ...

The Enforcement Directorate (ED) has initiated a FEMA case against Myntra Designs and its directors, alleging a ₹1,654 crore ...

Walmart stock ($WMT) was looking shabbier today after a financial crime investigation into its fashion business Myntra ...