CBI files FIR against Subhash Chandra in ₹1,322cr fraud case

CBI files FIR against Subhash Chandra in alleged ₹1,322cr fraud involving LIC Housing Finance. The case pertains to a massive financial scam where public sector lender LIC Housing Finance may have suffered ₹1,322 crore in losses. Subhash Chandra, promoter of Essel Group, is accused of siphoning funds through related entities. Investigations could trigger broader scrutiny of promoter-led lending practices.
📊 STOCKS: | 🏢 SECTOR: Legal | #HIGHIMPACT #Fraud