India’s ED Raids Soros-Linked NGOs Over Alleged Foreign Exchange Violations
In a major crackdown that sent shockwaves through the international NGO sector, India’s Enforcement Directorate (ED) conducted raids at eight locations associated with George Soros’ Open Society Foundations (OSF) and its economic subsidiary, SEDF. The operation comes amid allegations of serious violations of the Foreign Exchange Management Act (FEMA).
Authorities claim the organizations engaged in a sophisticated network of illegal foreign funding, channeling money under the guise of consultancy fees and investments. Reports suggest that Soros’ entities may have routed over $3 billion into Indian NGOs, despite restrictions imposed by India’s Ministry of Home Affairs since 2016.
“They allegedly used foreign direct investment as a cover,” an official told Indian media, describing the operation as a long-term effort to circumvent regulatory oversight and influence activities through indirect donations.
