{"id":949444,"date":"2025-07-24T09:59:33","date_gmt":"2025-07-24T04:29:33","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=949444"},"modified":"2025-07-24T10:25:43","modified_gmt":"2025-07-24T04:55:43","slug":"ed-files-case-against-myntra-over-rs-1654-crore-fdi-violation","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/07\/24\/ed-files-case-against-myntra-over-rs-1654-crore-fdi-violation\/","title":{"rendered":"ED files case against Myntra over Rs 1,654-crore FDI &#8216;violation&#8217;"},"content":{"rendered":"<p>New Delhi: The Enforcement Directorate on Wednesday said it has registered a case against Flipkart-backed e-commerce platform Myntra, its linked companies and directors for alleged FDI violation of over Rs 1,654 crore. <\/p>\n<p>The complaint was filed by the federal probe agency&#8217;s Bengaluru zonal office under a section of the Foreign Exchange Management Act (FEMA) based on &#8220;credible information&#8221; that Myntra Designs Private Limited, whose brand name is Myntra, and its related companies are doing multi-brand retail trade in the guise of &#8220;wholesale cash and carry&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: The Enforcement Directorate on Wednesday said it has registered a case against Flipkart-backed e-commerce platform Myntra, its linked companies and directors for alleged FDI violation of over Rs 1,654 crore. The complaint was filed by the federal probe agency&#8217;s Bengaluru zonal office under a section of the Foreign Exchange Management Act (FEMA) based on &#8220;credible information&#8221; that Myntra Designs Private Limited, whose brand name is Myntra, and its related companies are doing multi-brand retail trade in the guise of &#8220;wholesale cash and carry&#8221;.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20,44,4],"tags":[],"class_list":["post-949444","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-it-2-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/949444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=949444"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/949444\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=949444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=949444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=949444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}