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ED files ₹1,6 case against

Mint New Delhi

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July 24, 2025

Consolidated FDI Policy disallows for

- Sowmya Ramasubramanian & Gireesh Chandra Prasad

The Directorate of Enforcement (ED) said on Wednesday it has filed a complaint against Myntra Designs Pvt. Ltd. and its related companies and their directors for allegedly deploying foreign direct investment (FDI) indirectly in retail operations in violation of the Foreign Exchange Management Act, 1999.

ED's Bengaluru zonal office filed the complaint for the alleged contravention to the tune of ₹1,654.35 crore, the agency said in a statement.

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