Zee stock drops 6% as CBI registers case against Subhash Chandra in ₹1,322-crore loan scam
Shares of Zee Entertainment witnessed a 6% decline on September 7. This came after the Central Bureau of Investigation (CBI) filed a case against promoter Subhash Chandra and three additional individuals regarding an alleged loan fraud worth ₹1,322 crore linked to LIC Housing Finance. The investigation was initiated following allegations that falsified net-worth records were submitted to obtain the loans. The CBI has accused the parties of criminal conspiracy, cheating, and breach of trust.
by shortkt.com✓