Congress raises questions on 'substantial' LIC stake in firm under SEBI scanner
The Indian National Congress has questioned LIC's 10.8% stake in Rajesh Exports following a SEBI investigation into alleged financial misrepresentation. The party is calling for an inquiry into whether political influence drove the investment.
Why it matters
It raises concerns about corporate governance and the potential misuse of public sector financial institutions for political or corrupt ends.
The Congress on Thursday (June 4, 2026) flagged that LIC owns around 10.8% of Rajesh Exports, that is currently under SEBI scanner, and said this raises the question of whether LIC s acquisition of such a "substantial stake" was driven by instructions from the ruling ecosystem.
The article focuses on the opposition party's critique of the ruling government's influence on state-owned entities.
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