India’s ED Raids Soros-Linked NGOs Over Alleged Foreign Exchange Violations
India’s Enforcement Directorate (ED) has launched a major crackdown on organizations linked to George Soros, sparking global attention. Raids were carried out at eight locations tied to Soros’ Open Society Foundations (OSF) and its economic subsidiary, SEDF.
The investigation centers on allegations of serious violations of the Foreign Exchange Management Act (FEMA). Authorities believe the groups may have created a sophisticated network to illegally funnel foreign funds into India.
According to reports, Soros-linked entities allegedly routed more than $3 billion into Indian NGOs. Much of this money was said to be disguised as consultancy fees, investments, or indirect donations.