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 ...

Flipkart-owned fashion e-commerce giant Myntra is facing heat from the Enforcement Directorate, India's financial crime ...

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

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

The Enforcement Directorate has registered a FEMA case against Flipkart-backed Myntra and its affiliates for allegedly ...

Foreign companies operating in India's booming e-commerce sector face many regulatory and legal challenges from authorities ...

The Enforcement Directorate (ED) on Wednesday said it has registered a FEMA case against Flipkart-backed e-commerce platform Myntra, its linked companies and directors for alleged FDI contravention of ...

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 ...