LIC clarified the rigorous process behind its investment decisions (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Life Insurance Corporation of India has issued a rebuttal denying a recent report by The Washington Post that alleged its investment decisions, particularly concerning the Adani Group, are influenced by external factors or were guided by a roadmap drafted by Indian officials.

In its denial, LIC categorically stated that the allegations leveled by the American daily, which had suggested that Indian officials drafted a proposal in May to steer roughly $3.9 billion in investments from the state-owned insurer to Adani Group companies, are "false, baseless, and far from truth."

The insurer went on to deny the core of the report, affirming th

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