India’s finance ministry ‘pushed’ for LIC investments in Adani Group: WaPo report
The report said officials at the Department of Financial Services worked with LIC and Niti Aayog to develop the investment plan, later approved by the finance ministry.
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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