A global network of investigative journalists which has the funding of billionaire George Soros is reportedly planning an ‘expose’ on certain corporate houses in India.
Seven months after the US-based short seller, Hindenberg Research, came out with an explosive report on the Adani Group, the Organised Crime and Corruption Reporting Project (OCCRP), an organisation funded by figures like George Soros and the Rockefeller Brothers Fund – is planning another ‘expose’ on certain corporate houses in India, reported PTI news agency.
OCCRP is a global network of investigative journalists which “exposes crime and corruption so the public can hold power to account”, says the description on its website. The group might publish a report or a series of articles on certain corporate houses in India, said the PTI report.
It added that the ‘expose’ may involve overseas funds investing in the stocks of the corporate houses. These firms have not yet been identified but agencies are reportedly keeping a close eye on the capital market.
On its website, OCCRP lists Open Society Foundations, a philanthropic organisation established by George Soros, as one of the “institutional donors that make our work possible”. Others include the Ford Foundation, the Rockefeller Brothers Fund and the Oak Foundation.
The Hindenberg report which came out in January accused the Adani group companies of stock manipulation and accounting fraud. The stocks of the Adani Group tumbled and Gautam Adani’s position as the richest Indian in the world was dethroned by Reliance Industries Chairman and Managing Director Mukesh Ambani.