CBI Registers FIR Against Supertech and RK Arora for Rs 126 Crore Fraud
The Central Bureau of Investigation (CBI) has filed an FIR against Supertech Limited and its promoter, RK Arora, for allegedly defrauding IDBI Bank of Rs 126.07 crore. The case involves multiple individuals and fraudulent activities.
On Saturday, the CBI conducted coordinated search operations at five locations linked to the accused, including official and residential premises in Noida and Ghaziabad. During these raids, CBI officials seized cash amounting to Rs 28.5 lakh, as stated in a press release by the agency.
The case was initiated following a complaint from IDBI Bank, which alleged that the accused had conspired to misappropriate sanctioned loan funds through fraudulent means. According to the FIR, the bank claimed that the company and its directors submitted forged documents to secure credit facilities under false pretenses. The loan account was subsequently declared a wilful default and categorized as fraudulent, resulting in wrongful losses totaling Rs 126.07 crore to IDBI Bank Ltd.
The FIR was registered by the Bank Securities and Fraud Branch of the CBI on the complaint of Hari Kumar Meena, DGM, IDBI Bank, NPA Management Group, New Delhi. In his complaint, Meena alleged that the directors of Supertech Limited, operating from an office in Sector 96, Noida, were involved in criminal conspiracy, cheating, forgery, use of forged documents as genuine, criminal breach of trust, and criminal misconduct.
Acting on the complaint, the CBI registered a case, citing an alleged conspiracy between the company's directors and unidentified public servants, through which IDBI Bank was defrauded of Rs 126.07 crore following a Rs 200 crore loan extended to the real estate firm. The investigation is ongoing, and further legal actions are expected to follow.
Frequently Asked Questions
What is the amount of the alleged fraud?
The alleged fraud amount is Rs 126.07 crore.
Who are the individuals named in the FIR?
The individuals named in the FIR include Ram Kishor Arora, Sangita Arora, Mohit Arora, Anil Kumar Sharma, Vikas Kansal, Pradeep Kumar Goel, Anil Kumar Jain, and Parul Arora.
What actions did the CBI take during the raids?
During the raids, CBI officials seized cash amounting to Rs 28.5 lakh from the accused's premises.
Who filed the complaint against Supertech and its directors?
The complaint was filed by Hari Kumar Meena, DGM, IDBI Bank, NPA Management Group, New Delhi.
What are the alleged crimes committed by Supertech and its directors?
The alleged crimes include criminal conspiracy, cheating, forgery, use of forged documents as genuine, criminal breach of trust, and criminal misconduct.
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