Adani, Gautam

Adani, Gautam

Government Officials Accused of Bailing Out Adani Group through LIC Investment

Government officials have come under fire for drafting a proposal to invest $3.9 billion in the Adani Group through the Life Insurance Corporation (LIC), according to a Washington Post report. The investment plan was allegedly pushed through in May, raising concerns about undue influence and favoritism towards the conglomerate.

Adani, Gautam

LIC Denies Allegations of Orchestrated Investment in Adani Group

The Life Insurance Corporation of India (LIC) has responded to a report in The Washington Post, which alleged that officials orchestrated a plan to steer the insurer into investing in the Adani group. The report claimed that a plan was made to invest in the Adani group when the company