ED closes FEMA probe against Myntra after ₹2.88 lakh compounding settlement
Enforcement Directorate has dropped its foreign exchange probe against Flipkart-owned Myntra after the fashion retailer paid ₹2.88 lakh to compound two FEMA violations covering roughly ₹46 crore in transactions, following RBI's April 20 compounding order.
Enforcement Directorate has dropped its foreign exchange probe against Flipkart-owned Myntra after the fashion retailer paid ₹2.88 lakh to compound two FEMA vio
The Hindu BusinessLine · 6/4/2026, 3:04:28 PM · Ask about this →