Modi regime diverts $3.9 billion in public funds to rescue ally Adani
Scandal exposes deep nexus between govt and corporate cronies
New Delhi: In a shocking revelation exposing the Modi regime’s collusion with corporate tycoons, the Indian government has orchestrated a $3.9 billion bailout package for Prime Minister Narendra Modi’s close ally, Gautam Adani, using public funds from the state-run Life Insurance Corporation of India (LIC).
According to Kashmir Media Service, confidential documents from India’s Department of Financial Services (DFS) show that the bailout proposal was drafted in coordination with NITI Aayog and senior LIC executives and later cleared by the Finance Ministry. The plan, officials said, aimed to “signal investor confidence” in the Adani Group — a conglomerate that has been embroiled in corruption, fraud, and financial manipulation cases.
The revelation comes at a time when Adani’s empire faces a global credibility crisis, with major U.S. and European banks refusing fresh loans following a U.S. Department of Justice probe into allegations of bribery and fraud. Under the plan, LIC was instructed to pour $3.4 billion into Adani’s corporate bonds and an additional $507 million to raise stakes in subsidiaries such as Adani Green Energy and Ambuja Cements.
The move has triggered widespread outrage in India. Opposition leader Rahul Gandhi accused the Modi government of “looting public savings to protect a corrupt friend”, declaring: “Money, policy, premium are yours; security, convenience, and benefit are Adani’s!”
Economic observers have condemned the deal as a textbook case of state-sponsored crony capitalism, warning that the Modi-led dispensation continues to bleed public institutions to sustain politically favoured billionaires while ordinary Indians face record inflation and unemployment.
Analysts say the development further exposes how the BJP government manipulates state resources to shield its financial backers, undermining public trust in national institutions and deepening economic inequality across India.
