ASAR Social Impact Advisors Denies Foreign Investment, Confirms USAID Payment for CEEW Services in Clean Air Project

ASAR Social Impact Advisors has clarified that it received Rs 8 crore from USAID for services provided under a Clean Air Better Health project in collaboration with the Council on Energy, Environment, and Water (CEEW). The company denied receiving any foreign direct investment and affirmed full compliance with legal requirements amid an ongoing investigation by authorities. This clarification comes in response to allegations regarding its engagement to provide services for the USAID task. ASAR Social Impact Advisors emphasized that the funds received were specifically for the aforementioned project and were not related to any foreign direct investment. The company reiterated its commitment to transparency and adherence to all regulatory guidelines. The investigation by authorities is still ongoing, and ASAR Social Impact Advisors remains cooperative in providing all necessary information. The collaboration between ASAR and CEEW under the Clean Air Better Health project aims to address air quality issues in India and promote better health outcomes. The project is part of USAID’s efforts to support environmental sustainability and public health initiatives in the country. ASAR Social Impact Advisors expressed confidence that the investigation will confirm their adherence to all legal and ethical standards in their partnership with USAID and CEEW.

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