LIC Housing Finance

New Delhi (Gurpreet Singh)— The Central Bureau of Investigation has registered a criminal case against Essel Group founder Subhash Chandra and multiple related commercial entities over an alleged loan fraud of approximately 1,322 crore rupees involving LIC Housing Finance Limited. The first information report, lodged by the agency on August 31 following a formal complaint by the public sector lender, invokes provisions of criminal conspiracy, cheating, criminal breach of trust, and public misconduct under the Indian Penal Code and the Prevention of Corruption Act. The investigative complaint centres on two major credit facilities extended in 2018 totaling 980 crore rupees,…