Bad corrupt company5 Nov 2025 13:18
OPG Power Ventures PLC is currently the subject of an investigation by the Directorate of Enforcement (ED) in India into alleged regulatory non-compliance under the Foreign Exchange Management Act.
Allegations: Press releases from the Enforcement Directorate (ED) mention the investigation involves allegations of the company using "fake invoices" and setting up several overseas joint ventures and companies to divert funds, with the possibility of money laundering or other illicit activities being investigated.
Shareholder Concerns: Discussions on share chat forums include unproven allegations by some shareholders of "market manipulation" and "money laundering" in relation to recent corporate actions like a share buyback offer, though these are not formal findings.