CBI files FIR against Supertech, promoter Arora, others for ‘defrauding’ IDBI Bank of Rs 126.07 crore
The case was initiated following a complaint from IDBI Bank, which alleged that the accused had conspired to misappropriate sanctioned loan funds

The Central Bureau of Investigation (CBI) has registered an FIR against Noida-based construction firm Supertech Limited and its promoter R K Arora, among others, for allegedly defrauding IDBI Bank of Rs 126.07 crore.
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, said officers.
According to the FIR, the bank alleged that the company and its directors submitted forged documents to secure credit facilities under false pretences.
“A complaint dated April 23 was received from Hari Kumar Meena, DGM, IDBI Bank, (East Kidwai Nagar) regarding the alleged offences of criminal conspiracy, cheating, forgery, using forged documents as genuine, criminal breach of trust and criminal misconduct by accused Directors of M/s Supertech Limited, having its address at Supertech E-square, 23rd Floor, Plot No. C-02, Sector 96, Noida, in conspiracy amongst themselves and with unknown public servants, whereby IDBI Bank Ltd was cheated to the tune of Rs 126.07 crore,” the FIR said.
“Arora has been named in the FIR along with whole-time directors Sangita Arora, Mohit Arora, Parul Arora, Vikas Kansal, Pradeep Kumar, Anil Kumar Sharma, and Anil Kumar Jain, in addition to the Noida-based company,” a CBI spokesperson said.
On Saturday, the CBI conducted coordinated searches at five locations linked to the accused, including official and residential premises, in Noida and Ghaziabad in connection with the case.
“Searches were conducted at five different official and residential premises of the accused company and its promoter/directors in Noida and Ghaziabad. Incriminating documents and cash totalling Rs 28.50 lakh were found during a search at the premises of one of the directors,” the spokesperson said.
“It was also alleged that the borrowers submitted forged documents as genuine to IDBI Bank Ltd., thereby inducing the bank to part with loan funds. The loan account was subsequently declared a wilful default (account) and categorised as fraudulent, allegedly resulting in wrongful losses totalling Rs 126.07 crore to IDBI Bank Ltd,” the spokesperson from the central probe agency alleged.