The Enforcement Directorate has registered an ECIR against Essel Group chairman Subhash Chandra over an alleged ₹1,322-crore LIC Housing Finance loan fraud. The probe follows a CBI FIR concerning ₹980 crore in loans allegedly secured using inflated net-worth certificates. Mumbai: The Enforcement Directorate (ED) has registered an Enforcement Case Information Report (ECIR) against Essel Group chairman Subhash Chandra in connection with an alleged Rs 1,322-crore loan fraud involving LIC Housing Finance Ltd.