India’s Enforcement Directorate (ED) on Tuesday conducted searches at eight locations in Bengaluru as part of an investigation into foreign exchange violations involving the Open Society Foundations (OSF)—founded by American billionaire George Soros—and its impact investment arm, the Soros Economic Development Fund (SEDF).
Sources told Indian media the searches were “carried out under the Foreign Exchange Management Act (FEMA) and involve the OSF along with various international human rights organizations,” The Economic Times reported. READ MORE