Crime

Bengaluru-based firm received ₹8 crores from USAID for providing ‘services’ to think tank, accepted funds from Soros Economic Development Fund

Web Desk
Web Desk
(Image Source: Opindia)
(Image Source: Opindia)

“Bengaluru-based firm received ₹8 crores from USAID for providing ‘services’ to think tank, accepted funds from Soros Economic Development Fund”, Opindia, April 2, 2025:

“The Enforcement Directorate (ED) has revealed that a Bengaluru-based firm named ASAR Social Impact Advisors has received a whopping ₹8 crores from the controversial US Agency for International Development (USAID) between 2022 and 2023.

According to a report by The Times of India, the matter came to light when the central agency was investigating funds totalling ₹25 crores routed from Soros Economic Development Fund to 3 companies in Bengaluru between 2021 and 2024.

ED has been probing the matter for potential violations of the Foreign Exchange Management Act (FEMA). ASAR Social Impact Advisors has reportedly justified USAID funding as ‘remittance’ for services provided to a think tank named ‘Council on Energy, Environment and Water’ (CEEW)…….”

Read the full article at Opindia.com

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