ED Uncovers Financial Links Between George Soros’ SEDF And Indian Ngos, Raises Concerns Of FCRA Violation
The Enforcement Directorate (ED) has uncovered financial transactions linking billionaire George Soros’ Soros Economic Development Fund (SEDF) to the NGO sector in India, raising concerns over possible violations of the Foreign Contribution (Regulation) Act (FCRA) and Foreign Direct Investment (FDI) norms. Investigators found that SEDF, the social impact investment arm of the Open Society Institute (OSI), provided funds to three Indian companies, Rootbridge Services Pvt Ltd (RSPL), Rootbridge Academy Pvt Ltd (RAPL), and ASAR Social Impact Advisors Pvt Ltd (ASAR) under the pretext of foreign direct investment or consultancy/service fees. These companies collectively received approximately Rs 25 crore between 2020-2021 and 2023-2024, despite OSI being under Home Ministry scrutiny since May 2016 for “undesirable activities.”
- 4 Apr 2025
- WerIndia
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