📷 Image: Wikimedia Commons / শরদিন্দু ভট্টাচার্য্য
Business
ED Files Money Laundering Case Against Subhas Chandra Over ₹1,322 Cr LIC Fraud
✍️ Amar Ujala · Delhi
🗓 03 Nov 2026, 06:36 AM
👁 2
The Enforcement Directorate has registered a money laundering case against Subhas Chandra in connection with an alleged ₹1,322 crore loan fraud at LIC Housing Finance.
The Enforcement Directorate (ED) has taken significant legal action against Subhas Chandra by registering a case under the Prevention of Money Laundering Act (PMLA). This move follows an alleged financial irregularity involving LIC Housing Finance Limited (LHFL).
According to the investigation, the case pertains to a suspected loan fraud amounting to ₹1,322 crore. The authorities have identified Subhas Chandra as a key figure in this alleged scheme, leading to the formal registration of the money laundering case against him.
The registration of this case marks a critical development in the ongoing scrutiny of the financial practices at LIC Housing Finance. The ED is expected to conduct further inquiries to trace the flow of funds and assess the full extent of the alleged fraud.
This development adds to the existing legal challenges facing Subhas Chandra, intensifying the pressure on him as the investigation progresses. The case highlights the regulatory focus on ensuring transparency and accountability in the housing finance sector.
According to the investigation, the case pertains to a suspected loan fraud amounting to ₹1,322 crore. The authorities have identified Subhas Chandra as a key figure in this alleged scheme, leading to the formal registration of the money laundering case against him.
The registration of this case marks a critical development in the ongoing scrutiny of the financial practices at LIC Housing Finance. The ED is expected to conduct further inquiries to trace the flow of funds and assess the full extent of the alleged fraud.
This development adds to the existing legal challenges facing Subhas Chandra, intensifying the pressure on him as the investigation progresses. The case highlights the regulatory focus on ensuring transparency and accountability in the housing finance sector.