💨 Abstract

The Enforcement Directorate is investigating the Open Society Foundations (OSF), backed by US billionaire George Soros, and linked entities in Bengaluru for alleged foreign exchange violations under the Foreign Exchange Management Act (FEMA). The case involves suspected foreign direct investment and its utilization in contravention of FEMA guidelines. OSF could not be immediately reached for comment. The ruling BJP has previously accused Soros of acting against India's interests.

Courtesy: theprint.in

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