The Congress on Saturday (October 25, 2025) demanded a probe by Public Accounts Committee (PAC) of Parliament into what it described as a “disturbing misuse” of Life Insurance Corporation of India (LIC) funds to benefit the Adani Group.

The party alleged that officials of the Ministry of Finance and NITI Aayog pushed through a proposal in May 2025 to invest nearly ₹33,000 crore of LIC’s funds in the Adani group to “signal confidence” in the conglomerate and “encourage participation from other investors.”

The allegations follow an exposé in The Washington Post , which cited internal documents to report how LIC was meant to invest money in the Adani group after a US court had indicted business tycoon Gautam Adani in a bribery allegations case.

There was no immediate response from the A

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