1 min readUpdated: Nov 3, 2026 02:34 PM ISTThe case against Subhash Chandra has been filed under the Prevention of Money Laundering Act. (File photo)The Enforcement Directorate has registered a money laundering case against Zee founder Subhash Chandra in connection with an alleged loan fraud that caused a Rs 1,322 crore loss to Life Insurance Corporation Housing Finance Limited (LICHFL).Officials alleged that Chandra inflated his net worth to avail loans from LICHFL and then defaulted on them. The case has been filed under the Prevention of Money Laundering Act (PMLA).The CBI had earlier filed a case after a complaint by LICHFL, based on which the ED registered the money laundering case. © IE Online Media Services Pvt LtdMahender Singh Manral is an Assistant Editor with the national bureau of The Indian Express. He is k... Read More AdvertisementLoading Recommendations...AdvertisementLive BlogYou can’t occupy site all times, there are farmers, traders too: Supreme Court tells protestors9 minutes agoIndia News Live Updates, 3 November 2026: PM Modi inaugurates Pune Metro’s 23-km Pink Line built at Rs 8,300 crore9 minutes agoJailer 2 Box Office Collection Day 19 Live Updates: Rajinikanth’s actioner earns Rs 459 cr in India, grosses Rs 812 cr worldwide17 minutes agoUS Midterm Elections 2026 Live Updates: Republicans likely to face tough Senate challenge in Texas, Iowa, Kansas and Ohio, pollsters show40 minutes agoCyclone Murasu LIVE Updates: Strong winds blow away vote counting centre tents in Andhra’s Machilipatnam1 hour agoAdvertisement