UK foreign aid used to fund site selling sex and glorifying Hamas attack

UK aid money has been invested in an Indian fund that backed a social media site featuring offers of sexual services and glorification of the Hamas attack on Israel, a watchdog has found. The Independent Commission for Aid Impact warned that some investments by the UK’s development finance institution British International Investment opened it up to “major reputational risks”.

ICAI’s chief commissioner Dr Tamsyn Barton, who led the review of UK aid to India, said: “Given how difficult it is to moderate large social media platforms to remove harmful content, we have to question why BII chose to invest in the India Quotient Fund and did not consider the reputational risk. In response to ICAI’s review, committee chairwoman Sarah Champion said: “BII’s responsible investing policy appears to have been egregiously breached in India, with finance given to a social media platform where offers of sexual services and glorification of Hamas’s attacks on Israel can be found. Despite problems around the world with moderation of hateful and illegal content on such platforms, this investment was not even referred to BII’s risk committee.

BII, which invests in businesses and programmes in the developing world, has taken steps to improve its poverty focus, but its 2023 India country strategy does not yet appear to be shaping investments sufficiently, ICAI said.

Source: News Formal (newsformal.com)

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