Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Enforcement Directorate investigates Open Society Foundations for alleged FEMA breaches in foreign investments and usage.</h1> The Enforcement Directorate conducted searches at the premises of the Open Society Foundations (OSF) and related entities in Bengaluru, investigating alleged foreign exchange violations. The probe focuses on foreign direct investment sourced by OSF and its use, potentially breaching Foreign Exchange Management Act (FEMA) guidelines. OSF, backed by US billionaire George Soros, has faced criticism from the ruling party in India for allegedly acting against national interests. The searches are part of an ongoing investigation, and OSF was not immediately available for comment. OSF has been operational in India since 1999.