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Business
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Jun 15, 2025
CBI investigates Supertech directors for alleged ₹126-cr bank fraud
Supertech Limited and its promoter RK Arora, along with several directors, have been booked by the CBI for allegedly cheating IDBI Bank out of ₹126 crore. According to the complaint, they used fake documents to get loan money from the bank and then misused those funds instead of using them for their intended purpose.
TL;DR
CBI teams recently raided five spots in Noida and Ghaziabad as part of their investigation. During these searches, they found incriminating paperwork and seized ₹28.5 lakh in cash from the premises of one of the directors. The investigation is still ongoing, so more details could come out soon as the agency digs deeper into the case.