CBI Books Supertech, Promoter R.K. Arora for ₹126 Crore IDBI Bank Fraud

GG News Bureau
New Delhi, 14th June: The Central Bureau of Investigation (CBI) has registered a First Information Report (FIR) against Noida-based construction firm Supertech Limited and its promoter R.K. Arora, among others, for allegedly defrauding IDBI Bank of ₹126.07 crore.

Named in the FIR alongside R.K. Arora are whole-time directors Sangita Arora, Mohit Arora, Parul Arora, Vikas Kansal, Pradeep Kumar, Anil Kumar Sharma, and Anil Kumar Jain, in addition to the company itself.

On Saturday, the CBI launched coordinated search operations at five locations linked to the accused, including official and residential premises in Noida and Ghaziabad. During these raids, agency officials seized cash amounting to ₹28.5 lakh, a CBI spokesperson confirmed in a statement.

The case was initiated following a complaint from IDBI Bank. The bank alleged that the accused conspired to misappropriate sanctioned loan funds through fraudulent means. According to the FIR, the bank claims that Supertech 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, which the CBI states allegedly resulted in wrongful losses totaling ₹126.07 crore to IDBI Bank Ltd.