LIC Firmly Denies Washington Post Claims About Government-Directed Adani Group Investments

Oct 29, 2025 12:21 am CST

Life Insurance Corporation of India (LIC) has issued a categorical denial of Washington Post allegations claiming government influence over its Adani Group investments. The public sector insurer emphasized that it makes independent investment decisions following proper due diligence and board-approved policies, without receiving any instructions from the government regarding investments in the Adani Group.