Is Walmart running into some trouble while expanding in India?
"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. ..."
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