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Congress accuses government of pressuring LIC to invest in Adani Group, denying claims of political favoritism.
The Indian National Congress accused the government of pressuring LIC to invest ₹33,000 crore in Adani Group companies in May 2025, claiming the move risked policyholders’ savings and signaled political favoritism.
Congress leader Jairam Ramesh cited a ₹7,850 crore loss in four hours on September 21, 2024, after U.S. indictments against Gautam Adani, and alleged broader cronyism, including misuse of agencies and rigged privatizations.
LIC and the Adani Group denied the claims, stating investments are independent and lawful, with no government involvement.
The Congress called for a parliamentary probe, but no official response was issued.
El Congreso acusa al gobierno de presionar a LIC para que invierta en Adani Group, negando las afirmaciones de favoritismo político.