{"id":20751,"date":"2025-10-25T09:23:09","date_gmt":"2025-10-25T09:23:09","guid":{"rendered":"http:\/\/tezgyan.com\/index.php\/2025\/10\/25\/decision-taken-independently-lic-terms-washington-posts-report-on-adani-investments-baseless-business-news\/"},"modified":"2025-10-25T09:23:09","modified_gmt":"2025-10-25T09:23:09","slug":"decision-taken-independently-lic-terms-washington-posts-report-on-adani-investments-baseless-business-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/10\/25\/decision-taken-independently-lic-terms-washington-posts-report-on-adani-investments-baseless-business-news\/","title":{"rendered":"‘Decision Taken Independently’: LIC Terms Washington Post’s Report On Adani Investments ‘Baseless’ | Business News"},"content":{"rendered":"


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LIC denies The Washington Post claims of external influence on investments, refutes alleged Adani Group funding plan, and asserts decisions follow strict due diligence.<\/h2>\n
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The report alleged that Indian officials had drafted a proposal to channel nearly USD 3.9 billion (about Rs 32,000 crore) from LIC into companies owned by the Adani Group. (PTI photo)<\/p>\n<\/figure>\n

The Life Insurance Corporation of India (LIC) on Saturday denied the allegations made in a report by The Washington Post, which claimed that the company\u2019s investment decisions were influenced by external factors. It accused the report of trying to damage its reputation.<\/p>\n

The report alleged that Indian officials had drafted a proposal to channel nearly USD 3.9 billion (about Rs 32,000 crore) from LIC into companies owned by the Adani Group.<\/p>\n

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Refuting the claims, LIC stated, \u201cNo such document or plan as alleged in the article has ever been prepared by LIC, which creates a roadmap for infusing funds by LIC into the Adani group of companies.”<\/p>\n

The insurer emphasized that all its investment decisions are made independently and in accordance with board-approved policies after comprehensive due diligence.<\/p>\n

\u201cDepartment of Financial Services or any other body does not have any role in such decisions,” the statement said.<\/p>\n

LIC further assured that it maintains \u201cthe highest standards of due diligence” and that all its investment decisions comply with established policies, legal provisions, and regulatory guidelines, ensuring they serve the best interests of stakeholders.<\/p>\n

\u201cLIC has ensured highest standards of due diligence and all its investment decisions have been undertake in compliance with extant police, provision in the Acts and regulatory guidelines, in the best interest of all its stakeholders,” the statement read.<\/p>\n

The corporation also accused The Washington Post of attempting to damage its image through misleading reporting.<\/p>\n

\u201cThese purported statements in the article appear to have been made with the intentions to prejudice the well settled decision-making process of LIC and also to tarnish the reputation and image of LIC and the strong financial sector foundations in India,” the insurer stated.<\/p>\n

The Life Insurance Corporation of India, popularly known as LIC, is the country\u2019s state-owned insurance and investment company.<\/p>\n

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Manisha Roy<\/a><\/p>\n

Manisha Roy is a Senior Sub-Editor at News18.com’s general desk. She comes with an experience of over 5 years in media industry. She covers politics and other hard news. She can be contacted at Manisha.Roy@nw18…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Manisha Roy is a Senior Sub-Editor at News18.com’s general desk. She comes with an experience of over 5 years in media industry. She covers politics and other hard news. She can be contacted at Manisha.Roy@nw18… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

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First Published:<\/span><\/p>\n
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October 25, 2025, 14:38 IST<\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> ‘Decision Taken Independently’: LIC Terms Washington Post’s Report On Adani Investments ‘Baseless’<\/span><\/div>\n
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Last Updated:October 25, 2025, 14:38 IST LIC denies The Washington Post claims of external influence on investments, refutes alleged Adani Group funding plan, and asserts decisions follow strict due diligence. The report alleged that Indian officials had drafted a proposal to channel nearly USD 3.9 billion (about Rs 32,000 crore) from LIC into companies owned…<\/p>\n","protected":false},"author":1,"featured_media":20752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-20751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/20751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=20751"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/20751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/20752"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=20751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=20751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=20751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}