The Adani Group finds itself surrounded by allegations for the second time in about seven months. After Hindenburg, the non-profit Organized Crime and Corruption Reporting Project (OCCRP) released a report on Wednesday, making several revelations about Adani Group. Interestingly, most of the allegations are similar to those made by Hindenburg. The report suggests that the shares' prices were inflated using dubious methods. Adani Group has also issued a statement, strongly dismissing these allegations, claiming that OCCRP is merely echoing Hindenburg's accusations. However, Thursday saw pressure mounting on all shares of the Adani Group.
Everyone knows Hindenburg is a short-selling firm that profits by betting on falling shares. But this time, OCCRP has leveled allegations against Adani Group. Everyone is curious about this agency, its origin, and its connection to the Adani matter. It's important to note that it is a foreign firm, much like Hindenburg. As soon as OCCRP raised questions about Adani Group, Hindenburg began to pat itself on the back. Meanwhile, these new revelations have created a flurry of activity in India's political corridors.
Is George Soros Behind OCCRP?
But now, it's crucial to understand what OCCRP is all about, its functions, and who is at its helm. This organization is run by a group of journalists. Its headquarters is in the United States, and it was founded in 2006. The company is renowned for uncovering financial crimes around the globe. While its website mentions that it is publicly funded, billionaire George Soros' company also provides financial assistance. So, essentially, it is a George Soros-funded firm. Many are familiar with George Soros, and for those who aren't, it's time to get acquainted.
The Hungarian-American billionaire George Soros is always in the news for his public statements. Particularly, he keeps a keen eye on political changes occurring in the Indian subcontinent. Soros has frequently criticized leaders like India's Prime Minister Narendra Modi, former US President Donald Trump, Russia's President Vladimir Putin, and China's President Xi Jinping for leaning towards authoritarianism while clinging to power.
Here's a look at when George Soros has targeted India.
- George Soros took a jab at PM Modi concerning the Citizenship Amendment Act and the abrogation of Article 370 in Kashmir, alleging that India is moving towards becoming a Hindu nation.
- In January this year, when Hindenburg raised questions about the Adani Group, George Soros jumped in to 'warm his hands.' Soros once again targeted PM Modi using the Adani issue, claiming there would be a democratic shift in India due to this matter.
- Additionally, George Soros is known for his outrageous statements. Recently, he stated at the Munich Security Conference that while India is a democratic country, Narendra Modi is not democratic. Soros cited the violence against Muslims as a key reason behind Modi's rapid rise as a leader.
- Back in 2020, George had stated that under Modi's leadership, India is moving towards a dictatorship. This statement was given at the World Economic Forum, where he openly opposed Article 370's abrogation and the Citizenship Amendment Act (CAA).
However, whenever George Soros has commented on PM Modi or India's domestic affairs, the government has promptly responded. The government claims that this is an attempt to destabilize India's democratic structure from foreign soil, a plot that will never succeed.
Exploring George Soros' Background...
George Soros was born on August 12, 1930, in Budapest, Hungary. He considers himself a philosopher and social activist. Yet, allegations frequently arise accusing him of wielding influence over the politics and society of various countries. In a November 11, 2003 interview with the Washington Post, Soros stated that removing George W. Bush from the presidency was the primary objective of his life, calling it a 'matter of life and death.' Soros claimed he would give his entire fortune to anyone who could guarantee his removal from power.
According to information on George Soros' website, during World War II, when Jews were being targeted in Hungary, his family survived by creating false identities. After the war ended and a communist government took power in Hungary, Soros left Budapest for London in 1947. There, he worked various jobs, including as a railway porter and a waiter at a club. During this time, he studied at the London School of Economics.
He moved from London to the US in 1956, stepping into the world of finance and investment, drastically changing his fortunes. In 1973, he founded 'Soros Fund Management.' He claims his fund is one of the largest and most successful investors in American history. Soros prides himself on being a philanthropist. His website asserts that he has donated $32 billion from his personal wealth to aid those in need. He manages the Open Society Foundations.
What About His Personal Life?
George Soros has been married three times. His first marriage was in 1960 to Annaliese Witschak, a German immigrant who was orphaned during World War II. Soros and Annaliese have three children together. However, this marriage didn't last, and they divorced. Soros, with a wealth catalog of approximately $67 billion, has a detailed list of exploits. In 1992, he was deemed responsible for damaging the Bank of England. At the age of 92, Soros chose his 37-year-old son Alexander as his successor—Soros has five children in total.
