Crime & Law · India
CBI Books Subhash Chandra in Rs 1,322 Crore LIC Housing Finance Fraud Case
The Central Bureau of Investigation (CBI) has filed a case against Essel Group Chairman Subhash Chandra and others for allegedly defrauding LIC Housing Finance Ltd of approximately Rs 1,322 crore. The complaint, filed by LIC, alleges that Chandra and others inflated their net worth to secure loans. One report states the net worth claim at the heart of the complaint was Rs 59,113 crore, while another mentioned nearly Rs 1,000 crore in loans were secured. The Wire reported that LIC filed a complaint with the CBI alleging Subhash Chandra falsely inflated his net worth to take loans.
How outlets across the spectrum covered it
L 3 C 12 R 4
- Left (3): The Hindu, The Telegraph (India), The Wire
- Centre (12 votes, 15 outlets): Dainik Bhaskar, Deccan Herald, Hindustan Times · Mint (HT Media — 1 vote), NDTV, Outlook India, Patrika, The Economic Times · The Times of India (Times Group — 1 vote), The Financial Express · The Indian Express (Indian Express Group — 1 vote), The Hindu BusinessLine, The Lallantop, The Quint, The Statesman
- Right (4): Republic World, Swarajya, The Pioneer, Times Now