The CBI has registered a case against Zee founder Subhash Chandra for an alleged Rs 1,322 crore fraud involving LIC Housing Finance (LICHFL) loans.
Investigators allege that Chandra used inflated net worth figures to secure Rs 980 crore in loans, which were subsequently diverted or defaulted upon.
The probe focuses on the financial documentation provided to LICHFL, with the agency conducting raids to recover evidence of the alleged misappropriation.