The Congress on Saturday raised serious questions over reports of systematic misuse of Life Insurance Corporation of India (LIC) by the government to benefit the Adani Group and demanded an investigation by the Public Accounts Committee (PAC).

Senior Congress leader Jairam Ramesh said that disturbing revelations have just emerged in the media about how the Modani joint venture systematically misused LIC and the savings of its 30 crore policyholders.

Internal documents reveal that Indian officials drafted and pushed through a proposal to invest about ₹33,000 crore of LIC funds in various Adani Group companies in May 2025. The reported goals were to “signal confidence in the Adani Group” and to “encourage participation from other investors”, he added.

“The question arises: under who

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