The Life Insurance Corporation of India (LIC) on Saturday denied false reports by The Washington Post, reaffirming all investments are made with integrity and due diligence. In a rebuttal to the article, LIC 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, which creates a road map for infusing funds by LIC into Adani group of companies," the company said in a statement.

The article had claimed that officials allegedly fast-tracked a proposal in May this year to direct approximately $3.9 billion in investments from the LIC to an Adani group firm. LIC said that the investment decisions are tak

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