Billionaire George Soros's foundation signals intent to expose Indian companiestext_fields
Mumbai: In the wake of a seismic market-shaking report by a US short seller targeting the Adani Group, a new wave of potential revelations is looming over the Indian corporate landscape.
The Organised Crime and Corruption Reporting Project (OCCRP), renowned for its investigative prowess and backed by notable entities such as George Soros' Open Society Foundations and the Rockefeller Brothers Fund, is reportedly preparing to unleash its spotlight on certain corporate houses in India, according to undisclosed sources.
OCCRP, a consortium of 24 non-profit investigative centres spanning multiple continents, is known for its unearthing of intricate webs of organized crime and corruption. The organization has ventured into probing various corners of the world, and now it seems India's corporate realm is in its crosshairs.
While no official confirmation has been received, insiders suggest that OCCRP could potentially release a comprehensive report or a series of articles that delve into the activities of these corporate entities.
Despite multiple attempts to solicit comments from OCCRP, no response has been forthcoming thus far. The organization's modus operandi involves partnerships with various media outlets to disseminate their investigative findings, a strategy that has allowed them to reach diverse audiences across the globe.
The roots of OCCRP's funding provide an intriguing insight into its motivation. George Soros' Open Society Foundation, a well-known supporter of various progressive causes worldwide, takes its place alongside other major institutional donors such as the Ford Foundation, the Rockefeller Brothers Fund, and the Oak Foundation. The financial backing of these entities underscores the potential significance of OCCRP's impending exposé.
This move comes in the wake of a previous exposé targeting the Adani Group by Hindenburg Research, which unleashed allegations of fraud, triggering a turbulent storm in the stock market. The Adani Group, however, staunchly denied all accusations, leading to an ongoing debate over the veracity of the claims.