The Enforcement Directorate (ED) searched the premises of Open Society Foundations (OSF), a US-based grantmaking network backed by US billionaire George Soros, in Bengaluru on Tuesday.
The ED also conducted searches againt some international human rights organisations in the city as part of a foreign exchange "violation" investigation against them, official sources said.
The searches are being done under the Foreign Exchange Management Act (FEMA), PTI quoted sources in its report.
The case pertains to alleged foreign direct investment (FDI) being sourced by OSF and the utilisation of these funds by certain beneficiaries in alleged contravention of FEMA guidelines, they said.
OSF could not be contacted immediately for comment on the ED action.
Soros, a Hungarian-American political activist, and his organisations like OSF have been accused by the ruling BJP of acting against India's interests. His utterances during the Adani-Hindenburg controversy also drew criticism from the party.
OSF began operations in India in 1999.
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