ED opens money laundering probe against Subhash Chandra in Rs 1,322 crore loan case
Mumbai: The Enforcement Directorate (ED) has initiated a case against Essel Group chairman Subhash Chandra in connection with an alleged ₹1,322 crore loan fraud involving LIC Housing Finance Ltd.
According to people familiar with the development, the ED filed an Enforcement Case Information Report (ECIR) against Chandra after the Central Bureau of Investigation registered an FIR against him and eight others.
