Bangalore, India — In a sweeping operation that rocked the international NGO world, India’s Enforcement Directorate (ED) raided eight locations linked to George Soros’ Open Society Foundations (OSF) and its economic arm, SEDF, over serious foreign exchange violations.
The raids, carried out under the Foreign Exchange Management Act (FEMA), target what Indian authorities claim is a network of unlawful foreign funding, funneled under the guise of consultancy fees and investment. Reports indicate Soros’ organizations allegedly routed over $3 billion into Indian NGOs despite being restricted by India’s Ministry of Home Affairs since 2016.
“They used FDI as a cover,” one official told Indian media, suggesting a long-term scheme to bypass legal oversight and push agendas through shadow donations.
While India cracks down on Soros-backed entities, Republican lawmakers in the U.S. are investigating his recent acquisition of over 200 radio stations via Audacy Inc. The $415 million deal, rushed through by the Biden-era FCC, has alarmed GOP officials who worry it could give Soros direct influence over the 2024 election media narrative.
