CBI books Subhash Chandra for inflating net worth to get ₹1,000-cr in loans
2 sources·Updated September 5, 2026
Covered by 2 sources
- Business Today IN·21h agoSubhash Chandra booked by CBI in alleged ₹1,322 crore LIC Housing Finance fraud case: Report
The CBI has registered an FIR against Essel Group chairman Subhash Chandra and three others over an alleged ₹1,322-crore fraud involving LIC Housing Finance. The case relates to ₹980 crore in loans allegedly secured using inflated net worth certificates, with the facilities…
Read at Business Today IN → - Business Standard·21h agoCBI books Subhash Chandra for inflating net worth to get ₹1,000-cr in loans
According to the FIR, subsequent proceedings under the Insolvency and Bankruptcy Code, 2016, Chandra denied having the net worth stated in the certificates submitted to LICHFL
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