India: Walmart subsidiary Myntra sued for tax fraud

Featured image of the article India: Walmart subsidiary Myntra sued for tax fraud

An article by Morgane Monteiro

Publication

31 July 2025 à 16h24

Updated on 12 August 2025 à 12h14

Reading time

2 minutes

Publication: 31 July 2025 à 16h24, Updated on 12 August 2025 à 12h14

Reading time: 2 minutes

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An article by Morgane Monteiro

Publication

31 July 2025 à 16h24

Updated on 12 August 2025 à 12h14

Reading time

2 minutes

Publication: 31 July 2025 à 16h24, Updated on 12 August 2025 à 12h14

Reading time: 2 minutes

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In India, on July 23, the Directorate of Enforcement (ED) filed a complaint against Walmart subsidiary Myntra (2024 market cap: 600 million dollars, up by 15%). The charge alleges a violation of foreign investment rules. Based in Bangalore, the online fashion platform owned by Flipkart (majority-owned by Walmart) is accused of concealing retail activities under the guise of “wholesale” by transferring 191 million dollars to an e-commerce entity, Vector E-Commerce. This is a violation of the For

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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