Adani-LIC Controversy: LIC Breaks Silence on ₹34,000 Crore Investment Report Washington Post Claims Denied

“After the Washington Post claimed that LIC planned a massive ₹34,000 crore investment in the Adani Group, India’s biggest insurer has now come forward to deny the allegations, calling them “false and misleading.”

Date: 27 October 2025 | Source: Khabar 24 Express

India’s largest insurance company, Life Insurance Corporation (LIC), is once again in the spotlight. A recent report by The Washington Post claimed that LIC was preparing to invest nearly ₹34,000 crore (around USD 3.9 billion) in the Adani Group — a proposal that was reportedly discussed in May, at a time when the Adani conglomerate was already under scrutiny from global investors and regulators.

According to the report, Indian financial authorities were working on a plan to channel this massive investment into Adani companies despite allegations of financial irregularities and ongoing pressure from foreign short-sellers.

However, LIC has now strongly refuted these claims. The insurer said in an official statement that all investment decisions are taken independently, without any external influence or political pressure. The company emphasized that every investment follows its internal guidelines, board approvals, and regulatory norms.

“The claims made in the report are baseless and misleading. They appear to be an attempt to tarnish LIC’s image and question the credibility of India’s financial ecosystem,” the company said.

This statement has sparked a broader debate is the foreign media targeting India’s corporate image, or is there more to these recurring reports on the Adani Group?

While LIC’s clarification seems firm, many investors and citizens are still questioning:
Why do foreign publications repeatedly raise concerns about Adani? Will the government and regulatory institutions merely issue denials, or will an independent inquiry ever be conducted?

Both Adani Group and LIC have defended their positions, but the larger question remains when will there be full transparency in companies that run on public money? Can official statements alone end such controversies, or does the public deserve a deeper truth?

For more exclusive updates, investigations, and unbiased reports on India’s economy and corporates, stay tuned with Khabar 24 Express Nayi Soch, Naya Bharat.

Tags:
Adani LIC Controversy, LIC Adani Investment, Washington Post Adani Report, Adani Group News, LIC Clarification, Adani Scam Allegations, Adani Latest News 2025, LIC Statement Adani Issue, Khabar 24 Express News

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