https://www.washingtonpost.com/world/2025/10/24/india-adani-group-modi-lic/ October 24, 2025India has initiated a $3.9 billion plan to support Gautam Adani's businesses following charges from the U.S. against him, with internal documents revealing that Indian officials facilitated investments from the state life insurance agency. This move is seen as a strategic effort to bolster Adani's financial standing amid legal challenges.
Dirty Dozen Questions to LIC Sukla Sen: This debate is not about personalities or politics. It is about fiduciary duty, concentration risk, comparability and transparency at India’s national insurer—an institution created by an Act of Parliament, stewarding the savings of ordinary policyholders, and whose stock-market listing once disappointed precisely because confidence cannot be assumed.
Modi पूरे देश का पैसा Adani को देने की तैयारी में! America के अखबार ने छाप दिया। Ashok Wankhede https://www.youtube.com/watch?v=CT-930v-Cr0 Fulltext-trans_ I am Ashok Wankhede. The Washington Post ..said that when.. Gautam Adani, government department come to his aid? The news was old, but some new facts were added to it. The Washington Post reported that especially after Hindenburg and all the warrants that have been issued in America as well. I've heard about it, but haven't been able to confirm it yet. A Red Corner Notice has also been issued against Adani Seth because the Indian government, which can send Mangalyaan, the Indian government, which boasts about Operation Sindoor, and should boast if we have achieved victory, the Indian government, which considers itself a world leader, considers itself the third largest economy, our Delhi government repeatedly roars, but is so weak that they sent a warrant that came from America to Gujarat, and in Gujarat, Ram Rajya is in effect. The BJP government has been in power for the last 35 years, and a double-engine government for 12 years. Modi ji has been Chief Minister three times, and he laid the foundation of Ram Rajya, which is still flying the flag of Ram Rajya. That government of Gujarat, which is so honest, the warrant has reached there. To be served to Adani at the local level. Poor things, they can't find Gautam Adani. What to do? They're poor, aren't they? Their eyesight is weak. They can't see Gautam Adani. So, I heard there's a discussion that a Red Corner Notice has been issued. The confirmation hasn't come yet. But in the court there, the American government has stated that the Government of India is unable to execute the warrant. The Indian government was unable to serve the warrant we sent to Gautam Adani there. After that, only a Red Corner Notice remains. If a Red Corner Notice is issued, then it will be very difficult for Adani to travel to many countries, except for Russia and China. But he doesn't even need to go anywhere. When the entire country of India and the Indian government are at his feet, where else will he find more happiness? So, when, due to the Hindenburg report and all these other reasons, foreign banks started distancing themselves, foreign agencies that provide funding started distancing themselves, and the stock market also took a hit. In such a situation, Adani's financial condition became precarious, and he was unable to repay the loans he had taken to improve his weakened financial situation. For this, he needed some money to refinance the debt, to refinance the old loans. In this situation, as the Washington Post says, the NITI Aayog of the Government of India and the Department of Financial Services and some officials of the Department of Financial Services of the Ministry of Finance come forward and then they say that Adani is the future. If you invest in Government of India bonds for 10 years, you get a return of 7.2 percent. But if you invest in Adani, you get a return of 7.5 or 8.2 percent. It's a profitable business. This is how the scheme is initially created. A picture is painted. Then it was said that Adani's development is the country's development because Adani is India, so he should be helped. Then Adani Seth launched 5000 crore rupees worth of bonds of Adani Port and Special Economic Zone (APSEZ), the company, and all of those bonds were bought by LIC. Because LIC has money, whose money is it? Yours, mine, everyone's premium money. What is LIC's job? If there is any calamity here, if someone dies, that money goes to them. But insurance companies make a lot of money. So this is a company of the Government of India. Now, the Washington Post said that when the officials of the Ministry of Finance and NITI Aayog created this whole picture, and instructed LIC. That's what the Washington Post said. And after that, 5000 crore rupees were directly invested. Forgetting that in between, LIC had made investments in this very thing, in various companies of the Adani Group, and LIC did not suffer any loss in its ups and downs. Knowing that foreign banks are running away, knowing that an American warrant is hanging over their heads, knowing all these things, LIC had to buy 5000 crore rupees worth of bonds. It's the sole buyer. Perhaps this has never happened since the country became independent. LIC might have bought bonds in other places too. It happened during the UPA government as well. LIC bought this and that. But for one entity to buy the entire 5000 crore rupees worth of bonds, this amount, and bail out Adani Seth, this is Narendra Modi's new model of development. The Washington Post spoke to many prominent economists from several countries. They said that the infrastructure development-led vision in Narendra Modi's development narrative does not include the common man. Develop the country's infrastructure: ports, airports, roads, energy, grain storage, all of this is for Adani. Because in their agenda, Adani comes first, the last person comes later. Many economists have said this. You're referring to the Washington Post report in that report. Will the PMO or NITI Aayog issue any statement on this? On the Washington Post report. They said that we have documents showing how government officials and NITI Aayog together told LIC to invest. What will the government do because if LIC collapses tomorrow, nothing will happen. Just like when government banks get into trouble, the government gives them thousands of crores of rupees to save them, and those thousands of crores of rupees don't come from Finance Minister Nirmala Sitharaman's ring. They don't bring it in by selling anything. That's our taxpayers' money. Tomorrow, if LIC starts sinking, the government will again play a masterstroke, saying that we won't let the common man sink. Many people's future is linked to LIC, and then the Narendra Modi government will give money to LIC to save it, and then Modi ji will be welcomed everywhere. It will be considered a masterstroke, that look, he saved the sinking LIC because Modi ji cares so much about the common man. But why did LIC sink? Nobody will talk about that. LIC takes everyone's insurance. Who will insure LIC's investments? God! This is something new. Although, when this scandal happened earlier, it wasn't the first time. This is the first time it has come to light that NITI Aayog and Finance Ministry officials were also involved in creating this whole environment for LIC to invest money in it. But before this, when this matter came out, Rahul Gandhi tweeted that the money, the policy premium, your security, your benefits, are for Adani's profit. So the cost of running the country is yours, the taxpayers', the contributors' money, and they are playing with that money, buying big jets, living a life of luxury and extravagance. I say a life of luxury because people are struggling for two meals a day. 81 crore people in this country, if they don't get 5 kilos of grain, they will starve. I'm not saying this, Modi ji was saying it. We have to believe Modi ji. In that country, an industrialist is buying plane after plane. Crores of rupees are being spent on the interiors. According to the news, if that's not extravagance, then what is it? Extravagance doesn't only mean physical indulgence. If this isn't economic adultery, then what is it? And all this is happening because the powerful are in charge, so why would they be afraid? That's why Adani keeps running to court. So that nobody speaks against me, or journalists don't speak against me. If you haven't done anything wrong, then what are you afraid of? When you're not doing anything, why are you afraid? There are many questions for which no one has the answers. When I look through the X-ray, I see my country being sold off. Let's see how the innocent people of the country are being misled. Now, just go on the Kanwar Yatra pilgrimage. At the same time, celebrate that flowers are falling from helicopters above. Women are happy because they are getting ₹1500. The common man is happy that he is getting 5 kilos of grain. He is accepting even this handout as a blessing, while someone else is enjoying the real benefits. This is the current situation of the country. That's all for today's X-ray. I'll be back tomorrow with another topic.
https://www.bloomberg.com/billionaires/profiles/gautam-s-adani/ India’s second richest man, whose net worth around $90 billion, had been charged with bribery and fraud last year by U.S. authorities, and several major American and European banks he had looked to for loans wereExternal Link