CBI books Essel Group chairman Subhash Chandra, others over alleged ₹1,322 crore LICHFL loan loss
New Delhi: The Central Bureau of Investigation has registered an FIR against Subhash Chandra and eight others in connection with alleged inflation of the Essel Group chairman’s net worth to obtain loans from LIC Housing Finance (LICHFL), which caused it a loss of more than ₹1,322 crore, said people with knowledge of the matter.
Separately, the Directorate of Enforcement will launch a money laundering probe and register an Enforcement Case Information Report under relevant provisions of the Prevention of Money Laundering Act against Chandra and the co-accused, according to people in the know.
