India expands its e-commerce crackdown with a new $200M case against Walmart’s fashion arm Myntra

India’s financial crime watchdog has filed a complaint against Walmart-backed fashion e-commerce giant Myntra, alleging the company violated foreign investment rules by channeling over $191 million through a related-party scheme that disguised retail operations as wholesale trade.

This complaint marks the latest move in a broader crackdown by Indian authorities, which previously targeted Amazon and Flipkart.

On Wednesday, the Enforcement Directorate said the Bengaluru-based fashion e-commerce firm violated the Foreign Exchange Management…