By Admin 
Supertech: The CBI has lodged an FIR against Noida’s well-known construction company Supertech Limited and its promoter RK Arora and others. They are accused of cheating Rs 126.07 crore from IDBI Bank. CBI officials said on Monday that the FIR includes Arora as well as Sangeeta Arora, Mohit Arora, Parul Arora, Vikas Kansal, Pradeep Kumar, Anil Kumar Sharma and Anil Kumar Jain.
CBI raided on Thursday
The CBI on Saturday searched the bases associated with the accused in Noida and Ghaziabad in connection with the case. During the raid, the agency seized cash worth Rs 28.5 lakh. Action was taken against them after the complaint of IDBI Bank. The bank has alleged that the company and its directors took a loan of 200 crores from the bank by submitting fake documents and a total of Rs 126.07 crore was wrongly grabbed. The bank, terming this account as ‘willful defaulter’, has put it in the fraud category. ‘Willful defaulters’ are called those who do not deliberately repay the debt.
200 crore loan was approved in 2014
According to the IANS report, the CBI on Thursday lodged an FIR based on the complaint lodged by Hari Kumar Meena, Deputy General Manager of NPA Management Group of IDBI Bank, New Delhi through its bank Securities and Fraud Branch. According to this, under the Consortium Banking system with Union Bank of India, the bank sanctioned a term loan of Rs 200 crore to Supertech in 2014. However, since March 2017, they are missing out on paying the loan amount. It also has an outstanding amount of Rs 126.07 crore of IDBI Bank.
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