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CBI Files Three FIRs Against Builders of Noida Sports City
Hindustan Times Noida
|March 22, 2025
The Central Bureau of Investigation (CBI) on Friday filed three first information reports (FIRs) against the developers of Noida's Sports City projects over alleged irregularities in the land allotment process, resulting in a suspected loss of almost ₹9,000 crore to the state exchequer, senior agency officials have said.
NOIDA:
The FIRs came after the Allahabad high court, in its ruling on February 24, ordered a comprehensive investigation by the CBI and the Enforcement Directorate (ED) into the role of developers, consortium members, and Noida authority officials in a conspiracy to misappropriate homebuyers' funds and defraud the state exchequer.
A division bench comprising justices Mahesh Chandra Tripathi and Prashant Kumar delivered 10 separate judgments covering three of four Sports City projects in Noida. The court held lead developers and consortium members accountable for violations related to land use, financial mismanagement, and failure to develop the promised sports infrastructure.
As per the FIRs, the alleged irregularities in allotment took place between 2011 and 2017.
The Noida authority officials and the developers were unavailable for comment on the issue despite repeated attempts to reach them.
Dit verhaal komt uit de March 22, 2025-editie van Hindustan Times Noida.
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