A new report from PTI news agency indicates that the Organised Crime and Corruption Reporting Project (OCCRP), an organization backed by prominent figures like George Soros and the Rockefeller Brothers Fund, is reportedly gearing up to unveil another 'exposé', this time focusing on specific corporate entities within India. This move comes nearly seven months after the Adani Group came under scrutiny due to an explosive report by US-based short seller Hindenburg Research.

OCCRP, known for its network of investigative journalists across the globe, is allegedly preparing to publish a report or a series of articles that will shed light on particular corporate houses operating in India. Sources suggest that this forthcoming 'exposé' may delve into the involvement of foreign funds in these corporations' stock activities. While the exact identities of these companies remain undisclosed, regulatory agencies are said to be closely monitoring developments within the capital market.

The OCCRP's overarching objective, as stated on its website, is to unearth instances of crime and corruption to ensure that those in positions of power are held accountable. The organization's ability to carry out this mission is made possible through the support of institutional donors such as George Soros's Open Society Foundations, the Ford Foundation, the Rockefeller Brothers Fund, and the Oak Foundation.

Notably, in January, the Hindenburg report sent shockwaves through the financial world as it accused the Adani Group of being involved in stock manipulation and accounting fraud. This revelation led to significant fluctuations in the stock market, causing Gautam Adani to lose his status as the richest Indian to Mukesh Ambani, Chairman and Managing Director of Reliance Industries.

George Soros's subsequent comments in response to the Hindenburg report ignited a political firestorm. Soros remarked that Prime Minister Narendra Modi would need to address concerns raised by foreign investors and the Parliament regarding the allegations against the conglomerate. However, these comments faced severe backlash from the ruling Bharatiya Janata Party (BJP), who accused Soros of not only targeting PM Modi but also undermining India's democratic system.

In response to the allegations against the Adani Group, the Securities and Exchange Board of India (SEBI) launched an investigation into the matter. According to various reports, SEBI has concluded its investigation and has prepared a comprehensive report on the case. This report is expected to be submitted to the Supreme Court for review.

Given the complexity of the case, SEBI sought an extension of 15 days beyond the initial deadline of August 14, as set by the Supreme Court, to finalize their report. The Supreme Court's next hearing on this issue is scheduled for August 29.

Image source: India Express