CBI registers FIR against Supertech, alleges fraud of Rs 126 crore
CBI: The CBI has registered a case of fraud of Rs 126.07 crore against builder Supertech Limited and its promoter RK Arora. The case was registered on the complaint of IDBI Bank. The CBI conducted a search operation and raided the residential premises of the people involved in the case.
The CBI on Saturday issued an FIR against Supertech Limited, a construction company situated in the city of Noida, and its promoter, RK Arora, among many others, for a Rs 126.07 crore fraud.
The CBI FIR names RK Arora alongside the company's full-time directors Sangeeta Arora, Mohit Arora, Parul Arora, Vikas Kansal, Pradeep Kumar, Anil Kumar Sharma, and Anil Kumar Jain.
On Saturday, the CBI conducted simultaneous searches at five locations, including the official and residential premises of the accused located in Noida and Ghaziabad. According to a CBI spokesperson, during the raid, the agency recovered cash worth Rs 28.5 lakh.
The case was registered on the basis of a complaint by IDBI Bank, which alleged that the accused had colluded and fraudulently embezzled the sanctioned loan amount. According to the FIR, the bank says that the company and its directors had taken the loan through false documents. After this, the loan account was declared "intentional default" and was put in the category of fraud. Due to which IDBI Bank suffered a total loss of Rs 126.07 crore.
