Dhaka, Oct. 26 -- The Life Insurance Corporation of India (LIC) has dismissed a Washington Post report claiming that Indian officials pushed a plan to channel around $3.9 billion from LIC into Adani Group companies. LIC called the allegations "false, baseless, and misleading."

In a statement, LIC said all investment decisions are made independently after due diligence and in line with Board-approved policies. It added that no government body has any role in its investment process.

The insurer also clarified that its exposure to the Adani Group is less than 2% of the conglomerate's total debt and that its portfolio remains diversified.

The Washington Post report highlighted LIC's $570 million investment in Adani Ports & SEZ in May 2025....