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LIC refutes Washington Post's allegations of $3.9 billion Adani investment plan

📅 October 25, 2025 12:00 AM 🕐 Scraped: October 25, 2025

Summary: A Washington Post report claimed that in May 2025, Indian finance officials expedited LIC’s USD 3.9 billion investment in Adani Group despite identified financial risks.

Life Insurance Corporation of India (LIC) on Saturday lashed out at The Washington Post and rejected its report that claimed that a proposal was drafted by Indian officials to channel USD 3.9 billion (Rs 32,000 crore) from the state-run insurance company to entities owned by billionaire industrialist Gautam Adani.

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October 25, 2025 at 12:00 AM

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