CBI files 3 FIRs in ₹9000-crore Noida Sports City 'scam', conducts raids

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CBI files 3 FIRs in ₹9000-crore Noida Sports City 'scam', conducts raids - Business Standard

Quick Summary:

Acting on the orders of the Allahabad High Court, the agency registered the FIRs against real estate firms Logix Infra Developers Pvt Ltd, Xanadu Estates Pvt Ltd and Lotus Green Constructions Pvt Ltd, their directors and some unnamed officials of Noida Authority, following it up with a search operation, they said.

The CBI has registered three cases related to alleged irregularities in the allotment, development and sanction of Sports City projects in Noida between 2011 and 2014 which turned into a Rs 9000-crore 'scam', officials said Friday.

No immediate reactions were available from the companies.