Life Insurance Corporation of India (LIC) has vehemently denied a Washington Post report alleging government pressure to invest $3.9 billion in Adani Group companies. LIC stated that no such proposal was ever drafted by officials, calling the report false and baseless. The insurer's recent investment in Adani Ports and SEZ bonds had previously drawn criticism from opposition parties.
from Banking/Finance-Industry-Economic Times https://ift.tt/Fh67EDi
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