India, July 23 -- The Enforcement Directorate has filed a complaint under the Foreign Exchange Management Act (FEMA) against online fashion retailer Myntra, its linked companies and directors for "carrying out multi-brand retail trading in the guise of wholesale cash and carry", which was a violation of the foreign direct investment policy, the agency said in a statement on Wednesday.

The federal financial crimes probe agency has been investigating several e-commerce platforms since 2014 for alleged violation of foreign direct investment (FDI) norms.

"ED, Bengaluru Zone, has filed a complaint under FEMA against Myntra Designs Private Limited (Myntra) and its related companies and their directors for contravention to the tune of Rs.1654,...