In a move that’s catching the attention of India’s corporate sector, the Organised Crime and Corruption Reporting Project (OCCRP) — a George Soros-backed global consortium of investigative journalists boasting affiliations across continents, is reportedly gearing up to unveil some significant findings about certain Indian corporate entities.
What Happened? This isn’t the first time Indian corporates have found themselves under the international microscope. Earlier, a US-based short seller’s report had sent tremors through the markets, targeting the Adani Group.
Now, sources tell PTI that OCCRP’s impending revelations might revolve around foreign investments in the stocks of a particular corporate house. The exact identity remains under wraps, but market watchdogs are on high alert.
A backgrounder on OCCRP: Established in 2006, it collaborates with media outlets to shed light on organised crime. The platform’s funding trail traces back to some notable names, including George Soros’s Open Society Foundations and the Rockefeller Brothers Fund.
It’s worth noting that previous allegations, like those from Hindenburg Research, have been staunchly refuted by groups like Adani.
Get Ring The Bell, Benzinga India’s weekly briefing. Designed specifically for investors like you.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.