Authorities Raid Soros-Backed Groups Over $3 Billion

In a major development shaking the international nonprofit sector, India’s Enforcement Directorate (ED) conducted raids at eight locations tied to George Soros’ Open Society Foundations (OSF) and its financial wing, the Soros Economic Development Fund (SEDF), citing serious violations of foreign exchange laws.

The searches were part of an investigation under the Foreign Exchange Management Act (FEMA). Authorities allege Soros’ organizations channeled billions of dollars into Indian NGOs by disguising the transfers as consultancy payments and investments, bypassing official regulations.

Indian officials claim that since 2016, Soros-linked groups have moved over $3 billion into India despite restrictions from the Ministry of Home Affairs. According to investigators, the funds were cleverly masked as foreign direct investment (FDI) to evade scrutiny.

“They exploited the FDI route,” an Indian official told local media, describing it as a deliberate attempt to skirt Indian law and exert influence through indirect donations.

Meanwhile, George Soros is facing mounting pressure in the United States as well. Republican lawmakers have launched probes into his recent $415 million acquisition of over 200 radio stations via Audacy Inc.

The deal was approved by the Biden administration’s Federal Communications Commission (FCC), prompting backlash from GOP leaders who argue the purchase could give Soros significant sway over media coverage during the 2024 U.S. presidential election.

Critics say the move raises concerns about media manipulation and foreign influence, especially given Soros’ history of political involvement through his global foundation network.

The dual investigations have intensified scrutiny on Soros’ activities across continents.