CBI raids 5 locations in Noida, Ghaziabad in ₹126.07-cr bank fraud case

According to a CBI press release, search operations were conducted at the official and residential premises of the company’s top executives. The raids led to the recovery of incriminating documents and ₹28.5 lakh in cash from one of the director’s premises, the agency said. The searches were ongoing at the time of the statement, with more seizures likely, officials added.

The raids were carried out after the agency registered a case based on a written complaint from IDBI Bank, which alleged that Supertech and its promoters conspired with unknown bank officials to secure loan funds fraudulently, officials said.

The FIR names Supertech Limited, along with its promoter and managing director Ram Kishor Arora, and whole-time directors Sangita Arora, Mohit Arora, Parul Arora, Vikas Kansal, Pradeep Kumar, Anil Kumar Jain, and Anil Kumar Sharma. All except Sharma are residents of Gautam Budh Nagar; Sharma is based in Rajendra Nagar, Ghaziabad, officials said.