The Indian government raided George Soros-backed offices in Bengaluru on Tuesday.
The Enforcement Directorate raided eight Soros-backed offices linked to the Open Society Foundations (OSF), an organization backed by US billionaire George Soros, along with some linked entities in Bengaluru.
This action stems from allegations of violations under the Foreign Exchange Management Act (FEMA), highlighting the government’s commitment to curbing foreign interference in domestic affairs.
Investigations revealed that between 2020-21 and 2023-24, approximately ₹25 crore (2.9 million) was funneled from Soros’ organizations to various Indian NGOs through complex financial arrangements.
The Deccan Herald has more:
The central agency raided the premises linked to Rootbridge Services Pvt Ltd in Ashoknagar, ASAR Social Advisor Pvt Ltd in Malleswaram, and a third unnamed company, a well-placed source in the ED has confirmed.
According to the source, the raids came after OSF transferred Rs 25 crore to the companies in “suspicious” transactions in the past few months. Former employees of Amnesty India chair the board of directors of these companies, the source added…
Investigations revealed that between 2020-21 and 2023-24, approximately ₹25 crore was funneled from Soros’ organizations to various Indian NGOs through complex financial arrangements.
…In the past, OSF would send funds to its India beneficiaries having licences under the Foreign Contribution (Regulation) Act (FCRA). However, in 2016, the ministry placed OSF under the PRC within the FCRA. The act specifies that any company placed un…
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