{
  "id": 5842706,
  "title": "CBI FIR against Subhash Chandra in alleged Rs 1,322cr LIC Housing Finance fraud",
  "url": "https://urgent.news/2026/09/05/cbi-fir-against-subhash-chandra-in-alleged-rs-1-322cr-lic-housing",
  "topic": "world",
  "section": "World",
  "published": "2026-09-05T21:23:35.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/india/cbi-fir-against-chandra-in-alleged-1322cr-lic-housing-finance-fraud/articleshow/133815745.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Central Bureau of Investigation (CBI) has filed a First Information Report (FIR) against Essel Group Chairman Subhash Chandra and several others for allegedly defrauding LIC Housing Finance Ltd (LICHFL) of Rs 1,322 crore between 2018 and 2026. LICHFL alleged that Chandra had submitted a net worth certificate of Rs 59,113 crore in 2018 while availing credit facilities, but in 2024 stated that his net worth was just Rs 31.7 crore. The FIR was registered on a complaint filed by LICHFL on August 31. The complaint alleged that the loans were sanctioned on the basis of false and inflated documents, and that the funds were subsequently misappropriated and assets were stripped to frustrate recovery efforts.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}