The Organized Crime and Corruption Reporting Project (OCCRP), an organization supported by people like George Soros and the Rockefeller Brothers Fund, is planning another “expose” on some corporate houses in India, seven months after the US-based short seller Hindenburg Research released an explosive report on the Adani Group.
OCCRP, a 2006 startup that claims to be an expert in covering organized crime, mostly provides these news pieces through collaborations with media outlets.
According to three persons with knowledge of the situation, OCCRP, which describes itself as “an investigative reporting platform formed by 24 nonprofit investigative centers, spread across Europe, Africa, Asia and Latin America,” may publish a report or a collection of pieces.
OCCRP did not reply to an email sent to them for feedback.
One of the institutional funders is listed on its website as the Open Society Foundations of George Soros, a financier known for supporting radical causes all over the world. Others include the Oak Foundation, Ford Foundation, and Rockefeller Brothers Fund.
According to sources, the ‘exposure’ may involve foreign financiers purchasing shares of the business entity.
The Adani Group, according to Hindenburg Research, was accused of stock manipulation and fraud, which caused a market meltdown and prompted the business to withdraw a $2.5 billion share sale.
As a result, investors abandoned the Adani Group, which saw its market value decline by more than $110 billion US.
The OCCRP is a global network of journalists that investigates corruption and organized crime. It has published reports on corruption in India in the past, including a report on the Adani Group, a conglomerate with interests in infrastructure, energy, and mining.
The OCCRP’s report on the Adani Group was highly critical of the company, alleging that it had engaged in corrupt practices in order to win government contracts. The report also alleged that the Adani Group had links to organized crime.
The 60-year-old tycoon’s personal wealth also fell by around half, knocking him out of the Top 3 on Forbes’ list of billionaires 1. The Adani Group has refuted the charge.
In a speech delivered by Soros back in February this year, at the Munich Security Conference, Soros stated that Modi would “have to answer questions” about the accusations the Adani group is receiving. Sharp reactions followed his speech.
The BJP said that Soros was also targeting the Indian democratic system in addition to the Prime Minister. According to BJP politician and Union minister Smriti Irani, this war is being waged against India, and Modi is the only one standing between the war and India’s interests.
“Everyone should strongly condemn his remarks.” She claimed that Soros wanted a few “hand-picked” individuals to lead the government in India in order to undermine democracy there. She asserted that he had established a fund worth more than $1 billion to interfere in democratic systems, including India.
The Securities and Exchange Board of India (Sebi) is looking into the accusations made against the Adani group. According to reports, it has completed the case’s final report, which will be delivered to the Supreme Court. Sebi asked for an additional 15 days to submit its report on August 14, the date established by the highest court.
The matter will be heard by the Supreme Court again on August 29.
Billionaire investor and philanthropist :
Billionaire investor and philanthropist George Soros has been associated with several controversial events and activities over the course of his career, frequently revolving around big names like Narendra Modi, the Adani group and even Elon Musk. Whose turn is it now? OCCRP threatens to strike with another ‘big’ blow to Indian firms after Adani. There’s little the citizens can do here except for wait and watch.
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