ED Files Rs. 1,654 Cr FEMA Violation Case Against Myntra Over FDI Misuse

Analytics Insight

Jul 23, 2025 18:41

Ashish Sukhadeve

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Summary

The Enforcement Directorate has filed a Rs. 1,654 crore FEMA violation case against Myntra, alleging misuse of foreign direct investment (FDI) regulations. While not directly related to AI, the case highlights increased regulatory scrutiny on e-commerce platforms, which could impact AI-driven business models relying on foreign investment and compliance frameworks in India.

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