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India’s finance ministry ‘pushed’ for LIC investments in Adani Group: WaPo report

LIC Adani Group Gautam Adani India United States Insurance The Washington Post APSEZ Rahul Gandhi DFS

Officials of India’s finance ministry fast-tracked a proposal in May this year to direct approximately $3.9 billion in investments from the Life Insurance Corporation of India, a state-owned insurance and investment company, to an Adani group firm despite being aware of the risks, The Washington Post has reported.

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