<h1>ED probes e-commerce firm for alleged FDI violations worth over Rs 1,654 crore under FEMA rules</h1> The Enforcement Directorate has registered a case under the Foreign Exchange Management Act against an e-commerce platform, its associated companies, and directors for alleged Foreign Direct Investment violations amounting to over Rs 1,654 crore. The agency received credible information indicating that the platform and related entities engaged in multi-brand retail trade disguised as wholesale cash and carry, contravening existing FDI guidelines. The investigation targets the Bengaluru-based company and its linked entities for these alleged breaches.