New Delhi, June 15, 2025: The Central Bureau of Investigation (CBI) has filed an FIR against Supertech Limited, a Noida-based construction firm, and its promoter R K Arora, for allegedly defrauding IDBI Bank to the tune of Rs 126.07 crore, officials confirmed on Saturday.
The CBI named several others in the FIR, including whole-time directors Sangita Arora, Mohit Arora, Parul Arora, Vikas Kansal, Pradeep Kumar, Anil Kumar Sharma, and Anil Kumar Jain, apart from the company itself.
Raids and Seizures
On Saturday, the agency conducted search operations at five locations linked to the accused in Noida and Ghaziabad, targeting both official and residential premises.
The raids led to the seizure of Rs 28.5 lakh in cash, a CBI spokesperson said in an official statement.
Details of the Alleged Fraud
The case was initiated following a complaint filed by IDBI Bank, which alleged that Supertech and its directors used forged documents to fraudulently secure loan funds.
The funds, according to the complaint, were misappropriated, and the loan account was later declared a wilful default and classified as fraudulent, causing wrongful losses of Rs 126.07 crore to the bank.
About Supertech
Supertech Limited is a prominent real estate company previously under scrutiny for several irregularities in project execution. The company’s promoter, R K Arora, has been involved in multiple legal cases relating to real estate scams, including the demolition of the Twin Towers in Noida in 2022.