New Delhi: The CBI on Wednesday conducted searches at six locations in Delhi and Noida after registering an FIR against Amrapali Silicon City Private Limited and its promoter, Anil Kumar Sharma, for alleged bank fraud of Rs 177 crore, officials said. The CBI has booked the company on a complaint from Bank of Baroda which was part of a consortium including Bank of Maharashtra and Punjab National Bank.
The consortium was allegedly cheated by the company, they said. The company had taken over 1.76 lakh square metre land from from New Okhla Industrial Development Authority (Noida) for developing a group housing complex, Amrapali Silicon City, in Sector 76 of the Delhi suburb. The audit showed that the company sold 468 flats at extremely lower rates with some even lower than the construction cost, they said.