25 , March , 2025
In a crucial development, 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 stated.
Following directives from 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 informed.
According to an official, the Noida Sport City Project was
aimed to develop world class sport facilities with residential and commercial
areas in the sector 78, 79 and 150 of Noida.
"It was alleged that after the allotment of projects,
the related conditions were allegedly breached multiple times by the
allotees/sub-leases, in connivance with Noida Authority officials causing
suspected financial loss to the State exchequer at approximately Rs 9000 crore
and undue advantage to certain developers at the State expense," the
official stated.
The CBI has alleged the authorities took no remedial
measures even after the CAG report pointed out irregularities in the massive
project.
"In this connection, CBI conducted searches at several
locations in Delhi and Noida leading to recovery of incriminating documents,
digital evidence, etc," the CBI stated in a statement.
(WITH INPUTS TAKEN FROM PTI)
