Brief by Shorts91NewsDesk / 01:39pm on 02 Apr 2025,Wednesday India Global
The Enforcement Directorate (ED) has uncovered alleged violations in foreign funding linked to George Soros’s Soros Economic Development Fund (SEDF). Between 2020 and 2024, SEDF funneled ₹25 crore into Indian firms Rootbridge Services, Rootbridge Academy, and ASAR Social Impact Advisors under FDI and service fees, allegedly bypassing FCRA norms. RSPL received ₹18.64 crore via inflated CCPS valuations. Additionally, Mauritius-based Aspada Investment Company reportedly routed ₹300 crore into 12 Indian entities. The ED is investigating potential financial irregularities and regulatory breaches, scrutinizing whether these funds were used for activities violating Indian laws. (PC: India Today)
