ED books Zee founder Subhash Chandra in ₹1,322-crore loan fraud case

Enforcement Directorate registered a money laundering case against Zee founder and media baron Subhash Chandra.
The investigation stems from an alleged loan fraud causing ₹1,322 crore loss to LICHFL.
Chandra allegedly submitted inflated net-worth certificates of up to ₹59,000 crore to secure loans.
Zee Entertainment clarified that the case concerns Chandra personally and promoter entities, with no impact on its operations.

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