from Your News:
Indian authorities raided multiple George Soros-backed offices in Bengaluru on allegations of illegal foreign funding.
By yourNEWS Media Newsroom
The Indian government conducted raids on Tuesday at eight offices associated with George Soros’ Open Society Foundations (OSF) in Bengaluru, Karnataka, citing alleged violations of the Foreign Exchange Management Act (FEMA). The Enforcement Directorate (ED), India’s financial law enforcement agency, led the raids targeting OSF-linked entities and related companies. The action is part of a broader push by the Indian government to address concerns over foreign interference in domestic affairs.
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Investigations revealed that between 2020–21 and 2023–24, approximately ₹25 crore (roughly $2.9 million USD) was transferred from organizations tied to Soros to Indian non-governmental organizations through what officials described as complex financial mechanisms.
The Deccan Herald reported that the ED raided premises linked to Rootbridge Services Pvt Ltd in Ashoknagar, ASAR Social Advisor Pvt Ltd in Malleswaram, and a third unnamed company. According to sources cited by the publication, the transactions involving OSF were deemed “suspicious” and triggered scrutiny. Former employees of Amnesty India are said to chair the boards of these companies, adding another layer of significance to the investigation.
In prior years, OSF typically transferred funds to Indian organizations licensed under the Foreign Contribution (Regulation) Act (FCRA). However, in 2016, the Indian Ministry of Home Affairs placed OSF under the Prior Reference Category (PRC) within the FCRA framework, requiring additional government clearance for foreign donations. This regulatory move restricted OSF’s ability to directly fund Indian entities, prompting scrutiny of alternate financial pathways used in recent transactions.
The ED’s operation signals an intensified effort to trace and curb foreign funds deemed in violation of Indian law, particularly in cases where such funding is suspected to influence domestic policy or civil society activities without appropriate oversight. The investigation into the ₹25 crore transfers remains ongoing.
