The Enforcement Directorate has launched a money laundering probe against Zee founder Subhash Chandra over LIC Housing Finance loans that allegedly caused a ₹1,322 crore loss.
The investigation stems from an August 31 CBI First Information Report naming Chandra as the primary accused in a criminal conspiracy and cheating case.
LICHFL accused Chandra of submitting false net worth certificates in 2018, while his subsequent insolvency filings stated significantly lower valuations.