Investments in Adani group companies were made independently and in accordance with its board-approved policies, following detailed due diligence, Life Insurance Corporation of India (LIC) said on Saturday.

In a post on X, LIC wrote, \"LIC denies false reports by The Washington Post, reaffirming all investments are made with integrity and due diligence.\"

It posted a letter titled - 'Rebuttal to the article of The Washington Post' which said, \"The allegations leveled by The Washington Post that the investment decisions of LIC are influenced by external factors are false, baseless and far from truth. No such document or plan as alleged in the article has ever been prepared by LIC into Adani group of companies.\"

\"The investment decisions are taken by LIC independently as per Bpard appr

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