ED files money laundering case against Subhash Chandra

The ED has registered a money laundering case against Subhash Chandra over an alleged loan fraud that caused a ₹1,322 crore loss to LIC Housing Finance. The case follows a CBI FIR alleging that Chandra inflated his net worth to secure loans. LIC Housing Finance alleged that he obtained two loans worth ₹980 crore using inflated net-worth certificates.