New Delhi/Bengaluru, March 18 – The Enforcement Directorate (ED) conducted searches on Tuesday at locations linked to the Open Society Foundation (OSF), backed by American billionaire George Soros, in Bengaluru. The raids were carried out as part of an investigation into alleged violations of the Foreign Exchange Management Act (FEMA), official sources confirmed.
As per agency report, ED officials searched the premises of OSF and several international human rights organizations over concerns related to foreign funding. The investigation focuses on alleged foreign direct investment (FDI) received by OSF and its misuse by certain beneficiaries in violation of FEMA guidelines.
As per agency reports, there has been no official response from OSF regarding the ED action.
Soros, a Hungarian-American political activist and philanthropist, has been a controversial figure in Indian political discourse. The ruling Bharatiya Janata Party (BJP) has accused Soros and OSF of working against India's interests. His remarks during the Adani-Hindenburg controversy had also drawn strong criticism from the party.
OSF has been operating in India since 1999, primarily funding civil society initiatives and advocacy programs. The ED’s investigation is expected to further scrutinize its financial activities and compliance with Indian regulations.
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