Another Hindenburg? Soros-backed group gears up for Indian corporate exposé!

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Months after Hindenburg Research, the US-based short seller, released a report on the Adani Group, the Organized Crime and Corruption Reporting Project (OCCRP), funded by George Soros and Rockefeller Brothers Fund, is preparing to reveal another 'expose' about some Indian companies, stated a news agency.

OCCRP is a global network of investigative journalists which "is formed by 24 nonprofit investigative centers... spread across Europe, Africa, Asia and Latin America," may publish a report or a series of articles, three sources with knowledge of the matter informed the agency.

Sources said the 'expose' may involve overseas funds investing in the stocks of the corporate house. The identity of the corporate house was not immediately known but agencies are said to be keeping a tight vigil on the capital market, stated the report.

An email sent to OCCRP seeking comments by the news agency PTI remained unanswered.

What to expect from OCCRP?

Founded in 2006, OCCRP claims to specialize in reporting on organized crime and largely publishes these news articles through partnerships with media houses.

On its website, OCCRP identifies Open Society Foundations of George Soros, as one of its institutional donors. Others include Ford Foundation, Rockefeller Brothers Fund and Oak Foundation.

The Adani-Hindenburg row

The Hindenburg Research that came out seven months ago, accused Adani Group of stock manipulation and improper use of tax havens. Stock market of the group tumbled that erased close to USD 150 billion in the market value at its lowest point.

Adani Group has denied all allegations.

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