PoliticsPhoto: News18 BusinessED Files Money Laundering Case Against Subhash Chandra
The Enforcement Directorate has registered a money laundering case against media baron Subhash Chandra related to an alleged loan fraud causing a Rs 1,322 crore loss to Life Insurance Corporation Housing Finance Limited (LICHFL). Chandra is accused of inflating his net worth to secure loans from LICHFL and defaulting on them. The case is under the Prevention of Money Laundering Act, based on a CBI FIR. Zee Entertainment stated the case concerns Chandra personally, not the company.
News18 Business·




