A spokesperson for the Open Society Foundations told CNN that implementing the organisation’s new vision required “difficult decisions,” and that it planned to reduce its headcount by no less than 40 per cent globally.
With a net worth of about $8.5 billion, Soros is the founder of the Open Society Foundation. The organisation supports civil society groups around the world to advance “freedom and democracy.”
In February this year, Soros targeted Prime Minister Narendra Modi saying that the turmoil over the Adani Group crisis could open the “door to a democratic revival” in the country. Earlier this year, Hindenburg Research submitted a report accusing the Gautam Adani-controlled companies of using offshore companies to manipulate their share prices. The short-seller also flagged concerns about high debt, eroding $11 billion in investor wealth.
Soros has been critical of Modi and in return, was slammed by the BJP over attempting to intervene in “India’s democratic processes.”
“Modi is silent on the subject, but he will have to answer questions from foreign investors and in parliament,” said Soros.
“This will significantly weaken Modi’s stranglehold on India’s federal government and open the door to push for much-needed institutional reforms. I may be naive, but I expect a democratic revival in India,” the billionaire investor said at the Munich Security Conference in February.
In reply, BJP targeted Soros and alleged that Soros had “ill-intention to intervene in the democratic process of India and wanted a government that is pliable to his need”.
Earlier this week, Union Minister Smriti Irani launched a sharp attack on the Congress after the Karnataka Police lodged an FIR against the BJP’s IT cell chief Amit Malviya over a video posted by him with certain references against Congress leader Rahul Gandhi.
Irani at a press conference alleged that Opposition leader Rahul Gandhi had “hobnobbed” with the people who wanted to destabilise the democratically elected government in India
Irani reiterated the ruling party’s charges that Gandhi had taken the support of people who are close to and financially supported by billionaire investor George Soros.
