Archive · 14 Jun 2025
CBI Investigates Supertech, Arora for Alleged Bank Fraud
The CBI, a federal police agency, is investigating Supertech and its promoter, RK Arora, for allegedly cheating IDBI Bank out of 126 crore rupees.
They are accused of submitting fake documents and misusing loan funds.
The CBI searched several locations and found some cash.
This investigation is happening because the Supreme Court is worried about builders and banks working together in a way that might not be fair to everyone.
CBI filed an FIR against Supertech and RK Arora for allegedly defrauding IDBI Bank.
The alleged fraud involves Rs 126.07 crore.
CBI conducted searches at five locations in Noida and Ghaziabad.
Rs 28.5 lakh in cash was recovered during the raids.
The FIR follows a Supreme Court directive concerning a builder-bank nexus.
- Who
- The CBI, Supertech, RK Arora, IDBI Bank, and several others are involved.
- What
- CBI filed an FIR against Supertech, RK Arora, and others for defrauding IDBI Bank.
- When
- The FIR was filed, and searches were conducted on June 14.
- Where
- Searches were conducted in Noida and Ghaziabad.
- Why
- The CBI is investigating allegations of fraud and diversion of loan funds.
- Accused
- Supertech Limited and RK Arora
- Bank
- IDBI Bank
- Alleged Fraud Amount
- Rs 126.07 crore
- Locations Searched
- Noida and Ghaziabad
- Cash Recovered
- Rs 28.5 lakh
- Related to
- Supreme Court directive
