business
ED begins probe against Zee founder Subhash Chandra over Rs 1,322-crore loan fraud
Original: English
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10948675 subhash chandra zee file photo
Key Highlights & Official Takeaways
- ✓10948675 subhash chandra zee file photo
- ✓Primary Authority: Official communique verified from The Indian Express National.
- ✓Civic Domain: Categorized under business public notices.
Comprehensive News & Policy Report
The Enforcement Directorate has initiated an investigation into the money laundering case against Zee founder Subhash Chandra in connection with an alleged loan fraud that caused a Rs 1,322 crore loss to Life Insurance Corporation Housing Finance Limited (LICHFL).
Officials alleged that Chandra inflated his net worth to avail loans from LICHFL and then defaulted on them. The case has been filed under the Prevention of Money Laundering Act (PMLA). The CBI had earlier filed a case after a complaint by LICHFL, based on which the ED registered the money laundering case.
Mahender Singh Manral is an Assistant Editor with the national bureau of The Indian Express. He is k... Read More
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Official Notice Specification
| Issuing Authority | The Indian Express National |
|---|---|
| Topic Category | BUSINESS |
| Jurisdiction | All India / National |
| Publication Date | 3 November 2026 |
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