Congress demanded Parliament’s Public Accounts Committee investigate LIC after a Washington Post report claimed it invested Rs 33,000 crore in Adani securities. LIC denied the allegations, calling them “false and baseless,” while the opposition accused the government of cronyism

New Delhi: The Congress on Saturday demanded that Parliament’s Public Accounts Committee investigate the Life Insurance Corporation following a Washington Post report that the public sector company made huge investments in Adani Group’s securities after they took a beating in the markets.

However, the Life Insurance Corporation (LIC) denied the allegations as “false, baseless, and far from the truth”. Congress general secretary in charge of communications, Jairam Ramesh, alleged the savings of LIC’s 30 crore pol

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