The Washington Post–LIC–Adani controversy has evolved into one of the most high-profile financial and political debates of the year, raising questions about institutional independence and the intersection of public funds and private conglomerates.

The Washington Post’s investigative report

The controversy began after The Washington Post published an investigative article on October 24, 2025, alleging that the Indian government directed a plan to channel nearly $3.9 billion (around Rs 33,000 crore) from the Life Insurance Corporation of India (LIC) into the Adani Group.

The story claimed to rely on internal documents and interviews with officials from the Department of Financial Services (DFS), NITI Aayog, and LIC itself. According to the report, these agencies “crafted and appro

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