New Delhi, June 14 - The CBI has registered an FIR against Noida-based construction firm Supertech Ltd and its promoter RK Arora, among others, for allegedly defrauding IDBI Bank of Rs 126.07 crore, officials said on Saturday.
They said that apart from the Noida-based company, Arora has been named in the FIR along with whole-time directors Sangeeta Arora, Mohit Arora, Parul Arora, Vikas Kansal, Pradeep Kumar, Anil Kumar Sharma and Anil Kumar Jain.
On Saturday, the CBI conducted coordinated search operations at five locations linked to the accused in the case, including government and residential buildings in Noida and Ghaziabad.
A CBI spokesperson said in a statement that during the raids, the agency officials seized cash worth Rs 28.5 lakh. The case was initiated following a complaint by IDBI Bank, alleging that the accused had conspired to misuse the sanctioned loan funds through fraudulent and fraudulent means. 
According to the FIR, the bank alleged that the company and its directors submitted forged documents to avail credit facilities under false pretenses. The CBI said that the loan account was later declared wilfully defaulted and listed as fraudulent, allegedly resulting in a total loss of Rs 126.07 crore to IDBI Bank Ltd.