Winning Bizness Desk
Mumbai. Eight months after US-based research firm Hindenburg firm published a report claiming alleged scam in Adani Group, another report is rumoured to chip in India that could potentially shake the Indian stock market. Eight months after the Hindenburg effect is still being felt, there are whispers that a report on some of the country's corporate houses is about to be published. Discussions are going on that some corporate sector transactions will come up in this. According to sources, an NGO called the Organized Crime and Corruption Reporting Project (OCCRP) has been informed that it is preparing to do a major exposé on some corporate houses in India. Sources said that there was talk of involvement of foreign funds in investing in the shares of the concerned corporate houses in this exposé.
The allegations against the Adani group came after a report by American financial research and investment firm Hindenburg. After that, the new report is expected not to shock the Indian corporate sector, the capital market. Three sources familiar with the matter said OCCRP, which claims to be a forum for investigative journalism, may publish a report or news series on Indian business families. OCCRP was asked some questions via e-mail. However, no reply was received from them.
What is OCCRP?
According to the organization's website, OCCRP was founded in 2006 and claims to be an expert in reporting on organized crime. In partnership with some media outlets, this organization publishes investigative journalism articles and news. The Open Society Foundation funds this George Soros unit. Notably, other organizations that George Soros's OCCRP receives funding or financial support from include the Ford Foundation, the Rockefeller Brothers Fund, and the Oak Foundation. George Serros' organization is best known for publishing reports exposing organized crime and corruption. The organization has centers in Europe, Africa, Asia and Latin America.
