CBI books Supertech, its promoter RK Arora for cheating IDBI Bank of ₹126.07 crore

CBI books builder Supertech, its promoter RK Arora for alleged Rs 126 crore fraud with IDBI Bank

CBI registers FIR against Supertech, promoter RK Arora for alleged Rs 126 crore bank fraud

The SC had earlier asked CBI to chart a roadmap to investigate the alleged builder-bank nexus and bring accountability to the housing sector.

Case against Supertech, promoters in Rs 126-crore IDBI Bank loan fraud case

According to the First Information Report (FIR), the accused are alleged to have submitted forged and fabricated documents to IDBI Bank to obtain credit facilities. Based on these falsified documents, the bank sanctioned loans which were later misused and diverted.

CBI Books Supertech Promoter RK Arora In Rs 126 Crore IDBI Bank Fraud Case: Report

The CBI is now set to investigate loans totalling Rs 5,157.86 crore disbursed to various housing projects under the subvention scheme since 1998

FIR Against Supertech, Its Promoter For Defrauding IDBI Bank Of Rs 126.07 Crore

The 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.

CBI books Supertech, its promoter RK Arora for cheating IDBI Bank of ₹126.07 crore

The Central Bureau of Investigation has booked real estate company Supertech and its promoter RK Arora for allegedly cheating IDBI Bank to the tune of ₹126.07 crore, officials said on Saturday.