Fund manipulation scam of a well-known corporate company

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Another revelation of funds round tripping by corporate juries is in the offing

A knock-on effect could be seen on the country's financial markets

Mumbai: The Organized Crime and Corruption Reporting Project (OCCRP), a global group of investigative journalists, is set to issue an investigative report on a prominent Indian corporate group, news agency PTI has reported.

Based on some sources, PTI has said that the purpose of this investigative report is to provide information about how this corporate group has round-tripped funds from abroad in the listed Indian companies owned by them.

The PTI report said that the name of this corporate group was not immediately known.

After the release of this report, the country's regulatory bodies will closely monitor how the country's financial markets may be affected. Earlier, after the Heidenberg report on the Adani Juth matter, there was a big upheaval in the stock markets of the country. Established in 2006, OCCRP publishes investigative reports through partnerships with media houses.

It is to be mentioned here that the country's stock markets have been witnessing huge inflows of foreign funds for some time now, due to which major indices are seeing new highs.

However, due to the strength of the Indian economy and the abundant opportunities for development in India compared to other emerging countries, foreign funds have been attracted to India.

It can be said from the figures obtained that in the current financial year, foreign investors are buying a net worth of Rs 6,200 crore in cash in the Indian stock markets.

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