‘No govt pressure on LIC investments’

New Delhi: After a US media outlet spread false information, factual inaccuracies, misleading claims and false narratives via its article, alleging that the government ‘pressured’ LIC to invest up to $3.9 billion in the Adani Group, former top LIC officials on Monday rebutted the claim, saying they were never influenced by the government to invest in any particular company in their entire career. The Life Insurance Corporation of India (LIC) has already issued an official rebuttal to The Washington Post article, categorically describing it as false, baseless, and far from the truth. An ex-LIC senior official told IANS on the condition of anonymity that in his entire tenure, “not once any government official or employee called him to suggest investing in any particular company”.