{"id":20743,"date":"2026-09-05T21:33:43","date_gmt":"2026-09-05T21:33:43","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=20743"},"modified":"2026-09-05T21:33:43","modified_gmt":"2026-09-05T21:33:43","slug":"cbi-fir-against-subhash-chandra-in-alleged-rs-1322cr-lic-housing-finance-fraud-india-news","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=20743","title":{"rendered":"CBI FIR against Subhash Chandra in alleged Rs 1,322cr LIC Housing Finance fraud | India News"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div data-articlebody=\"1\"><video-embed value=\"false\"\/><\/p>\n<div class=\"ihgno clearfix  \">\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-133815791,imgsize-328498,width-400,height-225,resizemode-4\/file-photo.jpg\" alt=\"CBI FIR against Subhash Chandra in alleged Rs 1,322cr LIC Housing Finance fraud\" title=\"CBI has filed an FIR against Essel Group Chairman Subhash Chandra\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"Ta7d_ img_cptn\"><span title=\"CBI has filed an FIR against Essel Group Chairman Subhash Chandra\">CBI has filed an FIR against Essel Group Chairman Subhash Chandra<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>NEW DELHI: CBI has filed an FIR against Essel Group Chairman Subhash Chandra and some other individuals for allegedly defrauding LICHFL (LIC Housing Finance Ltd) of Rs 1,322 crore between 2018 and 2026.<!-- --> LICHFL alleged that Chandra had submitted a &#8216;net worth certificate&#8217; of Rs 59,113 crore in 2018 while availing credit facilities but in 2024 stated that his net worth was just Rs 31.7 crore. The FIR was registered on a complaint filed by LICHFL on Aug 31.<span class=\"id-r-component br\" data-pos=\"3\"\/>According to the FIR, LICHFL had sanctioned two loan facilities totalling Rs 980 crore to four companies. A Rs 500-crore facility was sanctioned to Vasant Sagar Properties Pvt Ltd and Pan India Infraprojects Pvt Ltd, while another Rs 480 crore was given to Digital Subscriber Management and Consultancy Services Pvt Ltd and Spirit Infrapower and Multiventures Pvt Ltd.<span class=\"id-r-component br\" data-pos=\"7\"\/><span class=\"strong\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">Chandra denied possessing net worth stated in certificates<\/span><span class=\"id-r-component br\" data-pos=\"9\"\/>Both facilities were backed by personal guarantees furnished by Essel Group chairman Subhash Chandra. The complaint alleged that the loans were sanctioned on the basis of net-worth certificates submitted on behalf of Chandra. One certificate, issued in March 2018, allegedly showed his net worth at $6,197.6 million, equivalent to around Rs 59,113 crore, as of March 31, 2017. Another certificate put his net worth at Rs 40,562 crore.<span class=\"id-r-component br\" data-pos=\"13\"\/>However, the complaint stated, during the subsequent insolvency proceedings, Subhash Chandra had denied possessing the net worth reflected in the certificates. He allegedly stated that his net worth in 2024 was Rs 31.79 crore and that even in 2017-18 it had not exceeded Rs 40,000 crore.<\/p>\n<div data-type=\"in_view\" class=\"  \">\n<div class=\"LEzX4\">\n<div class=\"PmOGb\">\n<p class=\"PSf84\">Share your thoughts in the comments<\/p>\n<\/div>\n<p><button type=\"button\" class=\"sUTYm \">Insightful<\/button><button type=\"button\" class=\"sUTYm \">Agree<\/button><button type=\"button\" class=\"sUTYm \">Disagree<\/button><button type=\"button\" class=\"sUTYm \">Skeptical<\/button><button type=\"button\" class=\"sUTYm \">Concerning<\/button><button type=\"button\" class=\"sUTYm \">Promising<\/button><button type=\"button\" class=\"sUTYm \">Worth Reading<\/button><button type=\"button\" class=\"sUTYm \">Big Development<\/button><\/p>\n<p><textarea class=\"T9MbS\" rows=\"1\" placeholder=\"Add your Thoughts...\"\/><button type=\"button\" class=\"ZW6JD \" disabled=\"\">Post Comment<\/button><\/p>\n<p class=\"swnca\">Be respectful \u00b7 <a href=\"https:\/\/www.indiatimes.com\/termsandcondition\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"gkv0P\">TOI community guidelines<\/a><\/p>\n<\/div>\n<\/div>\n<p><span class=\"id-r-component br\" data-pos=\"16\"\/>The outstanding amount against the Vasant Sagar facility was stated to be Rs 570.50 crore, while Rs 507.25 crore was outstanding against the Digital Subscriber facility.<span class=\"id-r-component br\" data-pos=\"19\"\/>LICHFL alleged that Chandra, in collusion with the borrower companies and their directors, induced the housing finance company to release the funds by submitting false and inflated documents. It further alleged that the funds were subsequently misappropriated and assets were stripped to frustrate recovery efforts.<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/india\/cbi-fir-against-chandra-in-alleged-1322cr-lic-housing-finance-fraud\/articleshow\/133815745.cms\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBI has filed an FIR against Essel Group Chairman Subhash Chandra NEW DELHI: CBI has filed an FIR against Essel Group Chairman Subhash Chandra and some other individuals for allegedly defrauding LICHFL (LIC Housing Finance Ltd) of Rs 1,322 crore between 2018 and 2026. LICHFL alleged that Chandra had submitted a &#8216;net worth certificate&#8217; of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-20743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-31"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg","medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg","medium_large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg","large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg","1536x1536":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg","2048x2048":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg","blogsy-small":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg","blogsy-small-tall":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg","blogsy-small-square":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg","blogsy-small-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg","blogsy-medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg","blogsy-medium-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg","blogsy-large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg","blogsy-wide":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg"},"magazineBlocksPostAuthor":{"name":"admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"CBI has filed an FIR against Essel Group Chairman Subhash Chandra NEW DELHI: CBI has filed an FIR against Essel Group Chairman Subhash Chandra and some other individuals for allegedly defrauding LICHFL (LIC Housing Finance Ltd) of Rs 1,322 crore between 2018 and 2026. LICHFL alleged that Chandra had submitted a &#8216;net worth certificate&#8217; of [&hellip;]","magazineBlocksPostCategories":["\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36"],"magazineBlocksPostViewCount":2,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg",400,225,false],"medium":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg",300,169,false],"thumbnail":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/1788644024_file-photo.jpg",150,84,false]},"magazine_blocks_author":{"display_name":"admin","author_link":"https:\/\/koshalsambada.in\/author\/admin"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g","magazine_blocks_category":"<a href=\"#\" class=\"category-link category-link-31\">\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36<\/a>","_links":{"self":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/20743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20743"}],"version-history":[{"count":0,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/20743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/media\/20744"}],"wp:attachment":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}