Archive · 26 Oct 2025
US Insurers Lead Adani Investments; LIC's Role Questioned
A news report from The Washington Post raised questions about LIC's investments in the Adani Group.
The report suggested that government officials influenced LIC's choices.
LIC and the Adani Group said this wasn't true.
They said LIC makes its own investment decisions independently.
Other companies, like those from the US (Athene and Apollo) have invested even more money in the Adani Group's projects.
The Adani Group criticized the report, saying it had mistakes in its information.
Former LIC chairman stated government never interferes with LIC investments.
The Washington Post reported on alleged external influence in LIC's investments in the Adani Group.
US and global insurers, like Athene and Apollo, made substantial investments in Adani entities.
LIC officials deny claims of government interference in investment decisions.
Adani Group officials refute the report, calling it factually inaccurate.
LIC's investment is a small percentage of Adani's total debt and holdings.
- Who
- LIC, Adani Group, Apollo Global Management, Athene, The Washington Post
- What
- Report on LIC's investments in the Adani Group.
- When
- June 2025 (initial investments), October 2025 (report)
- Where
- India
- Why
- The Washington Post questioned alleged government influence on LIC's investment decisions.
The Washington Post
LIC/Adani Group
Investment Influence
The Washington Post
External influence on investment decisions.
LIC/Adani Group
Independent investment decisions.
Report Accuracy
The Washington Post
Report provides accurate analysis.
LIC/Adani Group
Report contains factual inaccuracies.
- Key Entities
- Adani Group, LIC, Athene Insurance, Apollo Global Management, The Washington Post
- LIC's Adani Stake
- 4% (Rs 60,000 crore)
- Global Insurer Investments
- Athene Insurance led Rs 6,650 crore investment, Apollo financed USD 750 million in Mumbai Airport.
- Report Source
- The Washington Post
- Date of Report
- October 2025 (Reference)
- Adani Group Reaction
- Called report 'moronic' and claimed it contained factual errors.
- LIC Stance
- Investments made independently, in accordance with board-approved policies
Sources
Savings of LIC’s 30 crore policyholders ‘systematically misused’ to benefit Adani: Congress
Congress alleges systematic misuse of LIC funds to benefit Adani group
LIC denies Washington Post’s allegations of govt pressure to invest in Adani stocks
LIC rejects Washington Post report on alleged $3.9 billion Adani investment plan; says investments made with integrity
LIC Defends All Investments, Calls The Washington Post Allegations 'Baseless & Far From Truth'
‘Megascam’: Narendra Modi, Adani in Congress cross hairs over LIC investment report
LIC’s investments in Adani Group should be investigated by Public Accounts Committee: Congress
"False, Baseless": LIC Rejects Washington Post Report On Adani Link
Explained: Washington Post misleads about investment by LIC in Adani Ports, peddles lies about crony capitalism
LIC rejects Washington Post allegations, affirms commitment to integrity and prudence
LIC Says Made Investments In Adani Firms Independently, After Detailed Due Diligence
LIC says made investments in Adani firms independently, after detailed due diligence
Allegations by Washington Post are false, baseless: LIC
LIC denies Washington Post report, insists Adani investments made after 'due diligence'
‘False and baseless’: LIC denies Washington Post report, says investment decisions taken after due diligence
LIC Terms Washington Post Report ‘False And Baseless’, Asserts Investments Made Independently
‘False, baseless’: LIC rejects $3.9 bn Adani investment link as claimed by Washington Post report
Congress seeks probe into LIC’s alleged Adani investments; insurer denies report
‘Far from truth’: LIC on ‘Washington Post’ report on $3.9 billion investments in Adani Group
Investment decisions taken independently as per Board approved policies after detailed due diligence, says LIC
Opinion | WaPo’s Fiction Factory Strikes Again: Exposing Ravi Nair’s Adani-LIC Hoax
Opposition fury at LIC 'Adani bailout', Congress demands joint parliamentary committee probe
‘No letter written to LIC,’ Govt official rejects Post report questioning $3.9 bn investment in Adani Group
"Misleading": Ex-LIC Chief Slams Washington Post Report On Adani Link
Global insurers, not LIC, top Adani investors; Apollo, Athene lead
