CBI Books Supertech, Its Promoter RK Arora For Cheating IDBI Bank Of Rs 126 Crore
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The Central Bureau of Investigation (CBI) filed an FIR against Supertech Limited and its promoter RK Arora for allegedly defrauding IDBI Bank of Rs 126.07 crore, said officials.
The Central Bureau of Investigation (CBI) filed an FIR against Supertech Limited and its promoter RK Arora for allegedly defrauding IDBI Bank of Rs 126.07 crore, said officials.
The FIR also names the company's whole-time directors, including Ram Kishor Arora, Sangita Arora, Mohit Arora, Anil Kumar Sharma, Vikas Kansal, Pradeep Kumar Goel, Anil Kumar Jain, and Parul Arora.
The CBI also conducted searches at five locations linked to the accused, including both residential and official premises in Noida and Ghaziabad, according to news agency PTI.
In a statement, the agency's spokesperson said CBI officials recovered Rs 28.5 lakh in cash during the raids.
The case originates from a complaint filed by IDBI Bank, alleging that the accused conspired to commit fraud and diverted loan funds for purposes other than intended.
The CBI noted that the loan account was later classified as a wilful default and marked as fraudulent, causing an alleged loss of Rs 126.07 crore to IDBI Bank Ltd.
In April, the Supreme Court had ordered the CBI to initiate seven preliminary enquiries into alleged collusion between builders and banks under subvention schemes.
The agency was directed to investigate multiple Supertech projects and examine the role of banks that financed their housing developments across the NCR and other states.
First Published:
June 14, 2025, 19:47 IST
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