US Edition‘False and Baseless’: LIC Denies Washington Post Report, Says Investment Decisions Taken After Due Diligence
LIC states its Rs 33,000 crore investments in Adani Group follow independent board-approved policies after detailed due diligence amid allegations of government influence.
- On Saturday, October 25, 2025, Life Insurance Corporation of India said it rejected The Washington Post report as false and baseless, affirming investment decisions are independent under Board-approved policies without Department of Financial Services involvement.
- According to the Post's account, officials drafted a proposal to channel 3.9 billion dollars from LIC into Adani companies earlier this year, citing internal documents and a May 2025 plan.
- Holding over Rs 41 lakh crore, Life Insurance Corporation of India owns 4% of Adani stocks and invests across 351 publicly listed stocks.
- The Congress demanded a Public Accounts Committee probe on Saturday and urged a Joint Parliamentary Committee, accusing officials of misusing LIC funds to benefit a favoured conglomerate.
- Contextual filings note that LIC disclosed about Rs 60,000 crore exposure to Adani following scrutiny, with Adani's Rs 2.6 lakh crore debt backed by Rs 90,000 crore profit and Rs 60,000 crore cash, and SEBI cleared the group.
31 Articles
31 Articles
What The Washington Post Hit Job Article Against Adani, LIC And Modi Deliberately Hid To Peddle Propaganda
On October 24, 2025, The Washington Post dropped its report, “India’s $3.9 billion plan to help Modi’s mogul ally after U.S. charges,” and what followed was a storm of headlines and political outrage—chiefly a chorus from the Congress party. But look beyond the dramatic prose and you’ll see a narrative fueled more by conjecture and innuendo than fact. The reality: this “exposé” is not the triumph of investigative journalism it claims to be, but …
A report in the US newspaper Washington Post alleged that LIC approved a $3.9 billion investment proposal in the Adani Group after interference from government officials. The insurance company has now responded to this.
LIC refutes Washington Post report on $3.9-billion Adani investment plan
A Washington Post report claimed that the Finance Ministry expedited a proposal directing nearly $3.9 billion (Rs 33,000 crore) in investments from the Life Insurance Corporation of India (LIC) into the Adani Group. The life insurance major rejected the claims as baseless.
'False, baseless': LIC rejects $3.9 bn Adani investment link as claimed by Washington Post report
The report says Indian officials drafted a plan to channel $3.9 bn or Rs 32,000 cr from LIC to Adani companies. LIC says investment decisions are ‘per board-approved policies'.
India’s LIC Says It’s Not Influenced Into Adani Investments
Life Insurance Corp. of India said it makes independent investment decisions, pushing back against a Washington Post report that alleged Indian officials influenced the company to plow money into billionaire Gautam Adani’s businesses.
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