Authorities Raid Soros-Backed Groups in India Over Foreign Funding Allegations

India’s Enforcement Directorate (ED) has conducted raids at eight locations in Bengaluru, targeting offices linked to George Soros’ Open Society Foundations (OSF) and its investment arm, the Soros Economic Development Fund (SEDF). The investigation focuses on alleged violations of the Foreign Exchange Management Act (FEMA).

Authorities suspect these entities funneled foreign funding into Indian NGOs and companies through questionable means, potentially bypassing restrictions set by the Ministry of Home Affairs since 2016, which mandate prior approval for foreign contributions.

The probe highlights the use of foreign direct investment (FDI) and consultancy fees as mechanisms to disguise donations. Officials allege that Indian subsidiaries and service-fee arrangements were employed without providing genuine services, suggesting an intent to circumvent legal regulations.

The investigation remains ongoing as the ED seeks to uncover the full extent of the alleged funding irregularities.