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ED searches beneficiaries of George Soros' OSF in a FEMA probe

  • The Enforcement Directorate is conducting searches at eight locations linked to George Soros's Open Society Foundations for suspected violations of the Foreign Exchange Management Act in Bengaluru.
  • The ED's preliminary investigation revealed that the Open Society Foundations was restricted from making unregulated donations to NGOs in India since 2016, according to the Ministry of Home Affairs.
  • Open Society Foundations used subsidiaries in India to bring in funds as foreign direct investment, which may have violated FEMA rules, said an Enforcement Directorate official.
  • The ruling BJP has accused George Soros of acting against India's interests, citing his comments during the Adani-Hindenburg controversy.
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THE NEW INDIAN broke the news in on Tuesday, March 18, 2025.
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