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LIC says its decisions had no external say
Hindustan Times Bengaluru
|October 29, 2025
Life Insurance Corporation of India (LIC) on Tuesday reiterated that the public sector insurer has neither issued nor received any document mentioned in the Washington Post report, which alleges that its decisions to invest in the Adani Group were influenced by external factors.
Refuting the allegations levelled by The Washington Post, the insurer said, “LIC categorically clarifies that the documents mentioned have not been issued by LIC, nor have any such documents been received by LIC.”
“Furthermore, LIC has not received any instructions from the Government regarding investments in any entity under this group,” the post added.
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