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The Economic Times
The Economic Times
Business

FOUND: Fema case against myntra closed following compounding ed - You Need To See This

New Delhi: A foreign exchange violation investigation against Flipkart-backed online fashion-and-lifestyle platform Myntra has been "terminated" after the RBI issued a compounding order based on a "no objection" given by the Enforcement Directorate (ED).

The Reserve Bank of India (RBI) issued the order on April 20 in the case of Myntra Designs Private Limited, the ED said in a statement on Thursday.

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