New Delhi: The Central Bureau of Investigation (CBI) has launched a formal investigation into Supertech Limited, a prominent Noida-based construction company, and its promoter, R.K. Arora, along with several company directors, over allegations of defrauding IDBI Bank of ₹126.07 crore.
The FIR names R.K. Arora alongside whole-time directors Sangita Arora, Mohit Arora, Parul Arora, Vikas Kansal, Pradeep Kumar, Anil Kumar Sharma, and Anil Kumar Jain, as well as the Supertech Limited itself.
CBI conducted simultaneous search operations Saturday at five locations linked to the accused, including offices and residences in Noida and Ghaziabad. The searches yielded a seizure of ₹28.5 lakh in cash, according to a CBI spokesperson.
CBI registers case against a Private Company and its Promoters / Directors for cheating and misappropriating the funds sanctioned by IDBI Bank pic.twitter.com/dJbw5Ak2UG
— Central Bureau of Investigation (India) (@CBIHeadquarters) June 14, 2025
The investigation was triggered by a complaint from IDBI Bank, alleging a conspiracy to misappropriate loan funds through fraudulent activities.
The FIR claims Supertech and its directors submitted fabricated documents to secure credit facilities under false pretenses. The bank subsequently declared the loan account a willful default and classified it as fraudulent. The CBI alleges this resulted in wrongful losses of ₹126.07 crore to IDBI Bank Ltd.
