CBI Investigates ₹9,000 Crore Fraud in Noida Sports City Projects

Three FIRs have been filed against developers and officials for alleged corruption, with searches uncovering incriminating evidence.

The CBI has filed three FIRs against developers Logix Infrastructure, Lotus Green, and Xanadu Estates, along with Noida authority officials, for alleged irregularities in land allotment and financial mismanagement.
The Allahabad High Court ordered the investigation, citing violations of project agreements, misuse of funds, and failure to deliver promised sports infrastructure.
Searches conducted by the CBI in Noida and Delhi have recovered incriminating documents and digital evidence, with the investigation still ongoing.
The Supreme Court has granted interim relief to two developers, allowing investigations to proceed without coercive actions against them.
The alleged corruption is estimated to have caused a ₹9,000 crore loss to the state exchequer, with developers facing potential penalties, including forfeiture of security deposits and project cancellations.