FIR against Subhash Chandra in ₹1,322 cr fraud case
The Central Bureau of Investigation (CBI) has filed a complaint against Essel Group chairman Subhash Chandra and three others for an alleged fraud of ₹1,322 crore involving LIC Housing Finance (LICHFL), according to officials. The charges center around allegations of Chandra inflating his net worth in certificates submitted to LICHFL to secure approval and disbursement of two loans totaling ₹980 crore, which later defaulted.
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