NationalSunday, 6 September 2026·Hindu Tamil Thisai
LIC Housing Finance loan fraud case: CBI books Zee founder Subhash Chandra and others over ₹1,322 crore allegations
The CBI filed a case against Zee founder Subhash Chandra and others in an alleged ₹1,322 crore loan fraud linked to LIC Housing Finance.
Key highlights
Direct fact
In September 2026, the CBI registered a case against Zee Group founder Subhash Chandra and others in New Delhi over an alleged ₹1,322 crore loan fraud involving LIC Housing Finance.
Key specifics
- The alleged fraud amount is ₹1,322 crore.
- The case involves LIC Housing Finance (LICHFL) and Zee Group companies.
- Subhash Chandra is the founder of Zee Group.
- Vasant Sagar Properties and its director Pankaj Suroliya are also named in the case.
- The case is linked to alleged fake property valuation certificates used to obtain the loan.
Exam lens
Question type: Banking and investigation, key facts: ₹1,322 crore, LIC Housing Finance, CBI, Subhash Chandra, fake property valuation certificates. TNPSC may ask which agency filed the case and what the alleged fraud involved.