TIL Desk/Business/New Delhi/ The CBI has filed an FIR against Amrapali Leisure Valley Developers Pvt Ltd, its director Anil Sharma and others for allegedly cheating Bank of Maharashtra and Andhra Bank of over Rs 230 crore, officials said on Friday. The banks had sanctioned credit facilities to develop a housing building at the Tech Zone IV in Uttar Pradesh’s Greater Noida on a plot measuring 1.06 lakh square metre, the FIR alleged.
The company failed to maintain financial discipline following which the account was declared a non-performing asset on March 31, 2017, the complaint from Bank of Maharashtra, now part of the FIR, has alleged, adding that “it has resulted in the loss of over Rs 230.97 crore”. Following the FIR, the CBI on Thursday conducted searches at four locations in Delhi, Noida and Ghaziabad, they said.
Some Amrapali Group flat buyers had approached the Supreme Court owing to the non-delivery of promised flats to them in Noida and Greater Noida area where the company had promised to develop and sell 42,000 units. The Supreme Court had ordered a forensic audit in the affairs of the company, the complaint has alleged.
