The CBI has filed an FIR against builder Amrapali Leisure Valley Developers Pvt Ltd, its director Anil Sharma and others for allegedly cheating Bank of Maharashtra and Andhra Bank (now UBI) of
Rs 230.97 crore.
Following the registration of the case, the agency conducted searches at four locations including at New Delhi, Noida and Ghaziabad in Uttar Pradesh at the premises of the accused which resulted in recovery of incriminating documents, the CBI in a statement said .
In its FIR, the CBI has alleged that Amrapali Leisure Valley Developers Pvt Ltd was sanctioned a term loan for construction of flats at Greater Noida. However, despite taking full disbursal of the loans, the project is still incomplete and the account turned non-performing asset (NPA) on March 31, 2017. It was also alleged that the borrower company had made rampant diversion of funds to various other companies.
Besides borrower company and its director Anil Kumar Sharma, the CBI has booked other directors/erstwhile director/corporate guarantors-Shiv Priya, Suvash Chandra Kumar, Pankaj Mehta, Atul Mittal, Ashish Jain, Gagandeep Singh and unknown public servants and private persons.
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.
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 apex court had ordered a forensic audit in the affairs of the company, the complaint has alleged.
The forensic audit revealed that the group allegedly diverted Rs 5,619 crore through different companies -- Amrapali Leisure Valley Developers Pvt Ltd, Amrapali Homes Projects Pvt Ltd, Ultra Home Constructions Pvt Ltd and Amrapali Grand.it said.