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.
ED closed its FEMA probe against Flipkart-owned Myntra after the fashion retailer paid ₹2.88 lakh to compound two alleged foreign exchange violations involving roughly ₹46 crore in transactions, following RBI's April 20 compounding order.