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.

India’s Ministry of Home Affairs had already restricted foreign contributions to several NGOs beginning in 2016. Officials now claim these organizations used creative financial channels to bypass the rules.

“They allegedly used foreign direct investment as a cover,” one official explained. The funds, investigators believe, were moved through legal loopholes to influence social and political activities.

The raids mark one of the most high-profile actions against foreign-backed NGOs in recent years. They underscore India’s increasing scrutiny of overseas funding and its potential impact on domestic affairs.

While critics argue that such crackdowns stifle civil society, officials insist the investigation is about enforcing transparency and accountability in financial dealings.

The ED is expected to continue examining the seized documents, accounts, and communications. The findings could reshape the landscape for foreign-funded organizations operating in India for years to come.