CBI Registers Case Against Subhash Chandra

The Central Bureau of Investigation (CBI) has registered a case against Essel Group Chairman Subhash Chandra and others for allegedly defrauding LIC Housing Finance Limited (LICHFL) of ₹1,322 crore. The case reportedly relates to alleged financial irregularities during the period from 2018 to 2020.

According to the allegations, the matter involves a substantial financial fraud against LICHFL. The CBI has named Subhash Chandra and other individuals in the case as part of its investigation into the alleged ₹1,322-crore fraud.