New Delhi: The Enforcement Directorate (ED) on Tuesday carried out searches at eight locations in Bengaluru in connection with a foreign exchange violation probe against American billionaire George Soros founded Open Society Foundations and its impact investment arm Soros Economic Development Fund (SEDF), people familiar with the development said.
The searches, for potential violations of the Foreign Exchange Management Act or FEMA, were carried out at NGOs and other firms funded by OSF and SEDF, and at Aspada Investments Private Limited, which is the holding company of SEDF. ED said Aspada is the investment advisor/fund manager of SEDF in India and is wholly owned subsidiary of a Mauritius-based entity.
The agency found a money trail of ₹25 crore from Soros’ companies to several NGOs in India, officials said, adding funds worth ₹300 crore sent by OSF through its subsidiaries through automatic FDI route are under the scanner. It is learnt that SEDF funded more than 12 companies in India to the tune of ₹300 crore. more here
Another plague that needs to be eliminated from the planet.
Well done, India! Too bad the little suck babies in power here haven’t got the nerve to touch the old Nazi bastard!
A little quid pro quo maybe?
go Indians
Okay, that was like reading something in a foreign language. Searches good, arrests better.
“Open Society Foundation”
A nuther nice-sounding, “innocent” highly deceptive label that Communists hide behind in order to do their destructive dirty work!
Hey India! President Trump will gladly, personally sign the extradition order to send Sorass and his kid to you for prosecution. They would have a great time in your prison system during the short while they would live there.
Just because I looked it up: “1 Crore Indian Rupees is equivalent to approximately 120,382 US Dollars.” goggle search lol!