New Delhi: The Congress on Saturday alleged that the public sector Life Insurance Corporation made huge investments in Adani Group stocks after the latter took a beating in the markets, and demanded that Parliament's Public Accounts Committee investigate how the LIC was “forced” to make such investments.

Congress general secretary in-charge of communications Jairam Ramesh said the savings of LIC's 30 crore policyholders were “systematically misused” to benefit the Adani Group.

There was no immediate response from the Adani Group or the government on the Congress' allegations.

Markets regulator SEBI cleared the Adani Group of stock manipulation allegations made by US short-seller Hindenburg Research, saying fund transfer between group companies did not fall foul of any regulation. The SE

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