Economy
ED Probes Zee Founder Subhash Chandra Over Rs 1,322 Crore Loan Fraud
The Indian Express1h
THE BRIEF
1
The Enforcement Directorate (ED) has launched a money laundering probe against Zee founder Subhash Chandra concerning an alleged loan fraud.
2
The fraud allegedly caused a loss of Rs 1,322 crore to Life Insurance Corporation Housing Finance Limited (LICHFL).
3
Officials suspect Chandra inflated his net worth to secure loans from LICHFL and subsequently defaulted on repayment.