New Delhi: The Washington Post LIC Adani Misleading Article has ignited a storm of reactions across India’s financial and political circles. The US-based publication alleged that the Government of India pressured the Life Insurance Corporation (LIC) to invest up to $3.9 billion in the Adani Group — including ₹5,000 crore in May 2025.
However, LIC strongly refuted the claims, calling the report “false, baseless, and far from the truth.” Former LIC Chairman Siddhartha Mohanty also denounced the piece, stating that the government “never interferes directly or indirectly in any investment decision of LIC.” He demanded the immediate withdrawal of the article and warned against spreading unverified information.
According to financial experts, The Washington Post article contained several factual inaccuracies and misleading assumptions. For instance, it claimed Adani Ports & SEZ needed to refinance debts, whereas official filings show the funds raised were for a bond buyback program. Moreover, Adani Ports’ debt levels have reduced in FY25 compared to FY24, proving that the narrative of “rising debt” is incorrect.
Data reveals that LIC’s exposure to Adani represents less than 0.3% of its total portfolio, while its investments in Reliance, Tata, HDFC, and Infosys are significantly higher. The insurer’s investment decisions follow strict regulatory norms and risk assessments.
Experts also pointed out that Adani Ports & SEZ holds AAA domestic ratings and a BBB– international rating the same as India’s sovereign grade making LIC’s investment financially sound.
Amid the backlash, analysts criticized The Washington Post for pushing misleading narratives and questioned the intent behind publishing such distorted claims during politically sensitive times.
–IANS
