In a major crackdown shaking the global NGO landscape, India’s Enforcement Directorate (ED) launched raids at eight sites linked to George Soros’ Open Society Foundations (OSF) and its economic wing, SEDF, over allegations of massive foreign exchange violations.
Acting under the Foreign Exchange Management Act (FEMA), authorities are probing a sophisticated network accused of funneling unlawful foreign funds disguised as consultancy fees and investments.
According to reports, despite restrictions imposed by India’s Ministry of Home Affairs since 2016, Soros-backed groups allegedly channeled more than $3 billion into Indian NGOs.
“They exploited foreign direct investment (FDI) regulations as a façade,” an official revealed to Indian media, pointing to a long-term scheme to evade legal scrutiny and influence domestic agendas through covert funding.
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