The Central Bureau of Investigation (CBI) has registered a case against Essel Group chairman Subhash Chandra and others over an alleged ₹1,322 crore fraud involving LIC Housing Finance Ltd.
Subhash Chandra Booked In ₹1,322 Cr LIC Housing Fraud Case
The CBI has alleged offences including conspiracy, cheating, criminal breach of trust and criminal misconduct against the Essel Group Chairman
Essel Group founder Subhash Chandra
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LIC Housing Finance has alleged that loan facilities were obtained through misrepresentation, including the submission of inflated net-worth certificates, as per a report by NDTV Profit.
The CBI has alleged offences including conspiracy, cheating, criminal breach of trust and criminal misconduct.
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