Infobrief
Mar 10, 2026

Indian Officials Conduct Raids on Soros-Backed Organizations

Indian Officials Conduct Raids on Soros-Backed Organizations

India’s Enforcement Directorate (ED) on Tuesday carried out search operations at eight locations across Bengaluru as part of a probe into alleged foreign exchange violations connected to the Open Society Foundations (OSF), established by American billionaire George Soros, and its impact investment branch, the Soros Economic Development Fund (SEDF).

Sources speaking to Indian media said the searches were “conducted under the Foreign Exchange Management Act (FEMA) and involve OSF along with several international human rights organizations,” according to a report by The Economic Times.

The inquiry focuses on claims that OSF brought in foreign direct investment (FDI), with allegations that some recipients later misused the funds in ways that breached FEMA regulations.

“Our teams executed raids at eight sites in Bengaluru on Tuesday to examine possible violations of foreign direct investment rules by SEDF and OSF related to investments made in different entities and individuals in India, as well as how those funds were later used,” an unnamed official said, as reported by the Hindustan Times.

Reports indicate that the Soros-backed OSF transferred close to $3 billion to more than a dozen organizations operating across India.

The same official stated that “a preliminary probe found that the Ministry of Home Affairs (MHA) placed OSF under the prior reference category in 2016, which limited its ability to provide unrestricted donations to NGOs within India.”

“Despite these restrictions, OSF allegedly created subsidiaries within India and routed funds through foreign direct investment and consultancy payments. These funds were then used to support activities carried out by NGOs, which constitutes a violation of FEMA rules,” the officer added.

The Times reported that OSF began its activities in India—the world’s largest democracy—in 1999, although the Soros-founded organization reportedly does not maintain a physical office in the country.

In November, the Federal Communications Commission (FCC), under the Biden administration at the time, accelerated its decision to approve a deal that would allow Democratic megadonor Soros to obtain a significant stake in more than 200 radio stations.

According to Fox News, the decision triggered a review by the House Oversight Committee, which raised concerns about possible “politicization” and the potential influence on the 2024 presidential election.

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