India’s ED Raids George Soros–Linked Entities in FEMA Probe
In a significant enforcement action, India’s Enforcement Directorate (ED) conducted raids at eight locations in Bengaluru on March 18, 2025. These sites are linked to George Soros’ Open Society Foundations (OSF) and its investment arm, the Soros Economic Development Fund (SEDF). The investigation targets alleged contraventions under the Foreign Exchange Management Act (FEMA). What ED Is Investigating The ED’s preliminary findings suggest that…