New Delhi, Sept. 5 -- The Central Bureau of Investigation (CBI) has filed a case against Zee founder Subhash Chandra, other private individuals and companies in connection with an alleged fraud worth Rs.1,322 crore involving LIC Housing Finance Limited (LICHFL).

Chandra has been named as accused number 1 in the first information report (FIR) filed by the CBI on August 31 under charges of criminal conspiracy, cheating and criminal breach of trust.

The allegations pertain to loan facilities extended by LICHFL to different companies for business expansion and rental securitisation, with Chandra providing continuing guarantees for the borrowings.

According to the LICHFL complaint to the CBI, which is part of the FIR, a loan facility of Rs....