Organized Crime and Corruption Reporting Project (OCCRP)
19-10-2023
08:56 AM
1 min read
Overview:
The Securities and Exchange Board of India (SEBI) recently asked the Organized Crime and Corruption Reporting Project (OCCRP) to give it access to “key documents” about the allegations of stock manipulation and accounting fraud against the Adani Group.
About Organized Crime and Corruption Reporting Project (OCCRP):
- OCCRP is a nonprofit investigative reporting platform for 50+ independent media outlets around the world, publishing more than 100 investigations a year.
- It was founded in 2006 to conduct transnational investigative reporting and promote technology-based approaches to exposing organised crime and corruption worldwide.
- It aims to develop and equip a global network of investigative journalists and publish their stories.
- With this, OCCRP exposes crime and corruption so the public can hold power to account.
- Vision: “A world where lives, livelihoods, and democracy are not threatened by crime and corruption."
- OCCRP provides media outlets and journalists with a range of critical resources and tools, including digital and physical security, and allows those covering the most sensitive topics to work in teams with trusted editors.
- OCCRP Aleph: It is an investigative data platform where journalists can search and cross-reference more than three billion records to trace criminal connections and patterns and efficiently collaborate across borders.
- It also trains reporters and partners in advanced journalism techniques.
- OCCRP also partners with advocacy groups, arming civil society with information to meaningfully press for justice and change and unearths evidence that enables law enforcement to act.
Q1) What is the Securities and Exchange Board of India (SEBI)?
SEBI is a statutory body and a market regulator, which controls the securities market in India. The basic functions of Sebi is to protect the interests of investors in securities and to promote and regulate the securities market. It was established in its current incarnation in April 1992, following the passage of the Securities and Exchange Board of India Act by the parliament.
Source: SEBI Approached OCCRP for Documents on Adani Allegations