CBI FIR Against Subhash Chandra Over ₹1,322 Crore Loss to LIC Housing Finance | Current Affairs MCQ

Which housing finance company allegedly suffered a wrongful loss of ₹1,322 crore in the case involving Essel Group Chairman Subhash Chandra?

The correct answer is LIC Housing Finance Limited (LICHFL).

In this important Current Affairs MCQ, learn about the CBI FIR against Subhash Chandra and associated entities over alleged financial irregularities involving loans from LIC Housing Finance. According to reports, the CBI registered an FIR concerning allegations that inflated net-worth certificates were used to obtain loan facilities that later went into default. The alleged wrongful loss to LICHFL was reported at more than ₹1,322 crore. :contentReference[oaicite:0]{index=0}

📚 IN THIS QUESTION:

• Central Bureau of Investigation (CBI)
• Subhash Chandra
• Essel Group
• LIC Housing Finance Limited
• Alleged ₹1,322 crore loss
• Loan default
• Net-worth certificates
• Financial fraud allegations
• Banking & Finance Current Affairs
• Business Current Affairs
• Important Current Affairs MCQ

🎯 USEFUL FOR:

• UPSC
• SSC CGL
• SSC CHSL
• SSC GD
• Banking Exams
• IBPS PO & Clerk
• SBI PO & Clerk
• Railway Exams
• RRB NTPC
• NDA
• CDS
• AFCAT
• CAPF
• State PCS
• Police Exams
• Defence Exams
• Other Government Exams

📌 QUICK REVISION:

CBI FIR → Subhash Chandra → Alleged ₹1,322 crore loss → LIC Housing Finance Limited

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