CBI books Subhash Chandra for allegedly inflating net worth to secure loans
The Central Bureau of Investigation (CBI) has registered a case against Essel Group chairman Subhash Chandra and others for allegedly using inflated net worth certificates to secure loans from LIC Housing Finance Ltd (LICHFL). The loans later went into default, allegedly causing the lender a loss of more than Rs 1,322 crore. The development comes…