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Supertech IDBI Bank loan fraud
CBI files FIR against Supertech Limited and promoter R.K. Arora for ₹126 crore IDBI Bank loan fraud. Raids in Noida and Ghaziabad uncover documents and cash.
Summary:
June 14, 2025 | New Delhi — In a major move against financial misconduct in India’s corporate sector, the Central Bureau of Investigation (CBI) has registered a case against Supertech Limited, a Noida-based real estate giant, and its promoter R.K. Arora for allegedly defrauding IDBI Bank of ₹126.07 crore through fraudulent loan practices.
According to officials, the case stems from a complaint by IDBI Bank Ltd., which accused the company of cheating, forgery, and criminal conspiracy by misrepresenting documents and misappropriating sanctioned loan amounts.
🔍 CBI Names Promoter and Directors in FIR
Alongside R.K. Arora, the CBI FIR also names key company figures including Sangita Arora, Mohit Arora, Parul Arora, Vikas Kansal, Pradeep Kumar, Anil Kumar Sharma, and Anil Kumar Jain—all directors or former directors of Supertech Limited. The accused allegedly used forged documentation to secure loans and diverted funds, leading to a willful default declared by the bank.
On Saturday, CBI teams conducted raids across five locations in Noida and Ghaziabad, seizing incriminating documents and ₹28.50 lakh in cash from one of the directors’ residences.
🏢 Supertech: Real Estate Giant Under Scrutiny
Founded in 1988, Supertech Limited became a dominant force in the North Indian real estate market, with high-profile residential and commercial projects across Noida, Greater Noida, Gurugram, and Uttarakhand. Known for its towering ambitions and large-scale developments, the company had once been a symbol of modern urban growth.
However, the brand’s reputation suffered after the Supreme Court ordered the demolition of its twin towers in Noida in 2022 for serious building violations. The incident triggered greater public and legal scrutiny into its operations.
👤 R.K. Arora: From Visionary to Accused
Supertech’s promoter, R.K. Arora, was previously celebrated for pioneering integrated township concepts in India’s real estate space. But in recent years, Arora has faced increasing criticism over delayed projects, homebuyer complaints, and regulatory lapses. The current CBI investigation further escalates his legal troubles.
The FIR has been filed under sections of the Indian Penal Code (IPC) and the Prevention of Corruption Act, including provisions for cheating, criminal conspiracy, and forgery.
⚖️ Investigation Ongoing, More Action Likely
CBI officials confirmed that the probe is still active and more individuals may be summoned. Further analysis of digital and physical evidence is expected to uncover the full scope of the loan diversion scheme. If convicted, the accused face severe penalties, including imprisonment and financial penalties.
This case serves as a stark reminder of the growing vigilance around corporate borrowing practices and reinforces the need for transparent loan processing and accountability within the banking sector.
Report by: TODAY SCOOP NEWS
