Newly revealed documents suggest that the Indian government proposed a $3.9 billion plan to support the Adani Group, involving significant investments from the Life Insurance Corporation (LIC) into Adani bonds and equity.
This move, critics say, raises serious governance concerns—especially as LIC policyholders’ money is being routed into a politically-connected conglomerate under stress following U.S. fraud and bribery charges against Adani companies.
