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Saturday, September 5, 2026 · UTC
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CBI files FIR against Subhash Chandra over inflated net worth

CBI filed an FIR against Subhash Chandra alleging he inflated his net worth to secure nearly Rs 1,000 crore in loans.

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As of 2026-09-05 10:32 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
The Central Bureau of Investigation (CBI) filed an FIR against Subhash Chandra on September 5, 2026, alleging he inflated his net worth to secure nearly Rs 1,000 crore in loans. [1] The CBI is investigating the discrepancy between the certified net worth of Rs 59,000 crore and the actual assets to determine if fraud was committed during the loan process. [2] The investigation stems from a complaint by a lender who claimed that Subhash Chandra submitted a net worth certification issued by DIM & Co on March 28, 2018, certifying his net worth to be around Rs 59,000 crore. [3] According to the FIR, the loans were made to Vasant Sagar Properties Pvt Ltd (₹500 crore, co-borrower Pan India Infra Projects Pvt Ltd) and Digital Subscriber Management (₹480 crore, co-borrower Spirit Infra Power and Multi Ventures Pvt Ltd). [4] Both loan facilities defaulted and caused losses exceeding ₹1,322 crore to LICHFL, according to the complaint. [5] The FIR states both loans were backed by guarantees executed by Subhash Chandra, with the guarantee for the ₹500 crore loan dated 2018-04-28. [6]
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  1. The Central Bureau of Investigation (CBI) filed an FIR against Subhash Chandra on September 5, 2026, alleging he inflated his net worth to secure nearly Rs 1,000 crore in loans. · Deccan Herald
  2. The CBI is investigating the discrepancy between the certified net worth of Rs 59,000 crore and the actual assets to determine if fraud was committed during the loan process. · Deccan Herald
  3. The investigation stems from a complaint by a lender who claimed that Subhash Chandra submitted a net worth certification issued by DIM & Co on March 28, 2018, certifying his net worth to be around Rs 59,000 crore. · Deccan Herald
  4. According to the FIR, the loans were made to Vasant Sagar Properties Pvt Ltd (₹500 crore, co-borrower Pan India Infra Projects Pvt Ltd) and Digital Subscriber Management (₹480 crore, co-borrower Spirit Infra Power and Multi Ventures Pvt Ltd). · mint
  5. Both loan facilities defaulted and caused losses exceeding ₹1,322 crore to LICHFL, according to the complaint. · mint
  6. The FIR states both loans were backed by guarantees executed by Subhash Chandra, with the guarantee for the ₹500 crore loan dated 2018-04-28. · mint
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