In this episode of Crosshairs, Sucheta Dalal traces the arc of India’s most powerful financial institution — the Life Insurance Corporation (LIC) — from the 1957 Haridas Mundhra scandal to the present-day Adani controversy.

Drawing parallels between Justice M.C. Chagla’s fearless public inquiry and today’s opaque decision-making, she exposes how decades of political interference and bureaucratic secrecy have eroded LIC’s accountability.

This is the story of how India’s once-transparent institutions turned into fortresses of silence — and why it matters to every policyholder.

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