In this statement, Jason Pfetcher, manager of Worldwide Media Holdings, clarifies on the provenance of the funds that the for-profit investment vehicle based in the U.S. invested in NewsClick
The New York Times failed to include PSF’s categorical denial of foreign funding, and instead left readers to believe that the source of PSF’s funding (or Roy’s for that matter) might have come from China, rather than from the sale of ThoughtWorks. Their salacious headlines and misleading ‘reporting’ have now directly contributed to the arrest of innocent journalists.
Given the repression that is now taking place, it begs the question as to whether India is a safe place for foreign investors who carefully follow Indian law.
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