Daijiworld Media Network - New Delhi

New Delhi, Oct 25: The Life Insurance Corporation of India (LIC) on Saturday strongly refuted allegations made by The Washington Post, asserting that all its investment decisions are made independently, transparently, and with due diligence.

In a formal statement, the state-run insurer dismissed the report’s claims that LIC’s investments were influenced by external pressure, calling them “false, baseless, and far from the truth.”

“No such document or plan, as alleged in the article, has ever been prepared by LIC which outlines a roadmap for infusing funds into Adani Group companies,” the corporation clarified.

The Washington Post report had claimed that officials had fast-tracked a proposal earlier this year to channel nearly $3.9 billion of LIC’s

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