CBI books Subhash Chandra for inflating net worth to get ₹1,000-cr in loans

•The CBI has filed an FIR against Subhash Chandra for allegedly inflating his net worth to secure ₹980 crore in loans from LICHFL.

•Chandra submitted net worth certificates stating ₹59,000 crore and ₹40,562 crore, but later claimed his net worth was ₹31.79 crore in 2024 and ₹40,000 crore in 2017-18.

•The loans, totaling ₹980 crore, became default, causing a ₹1,322 crore loss to LICHFL.

•Chandra is accused of colluding with borrowers and creating false documents to cheat LICHFL.