Last mentioned: Mar 17, 2026
Arrest in Kharar
Chandigarh Crime Branch tracks and apprehends Wadhwa at a hideout in Mohali.
Arrest and Seizure
Wadhwa is apprehended in Kharar; luxury assets including a Range Rover are recovered by the EOW.
Wadhwa Evades Arrest
The businessman goes into hiding as the Chandigarh EOW and Haryana Vigilance launch probes.
EOW Manhunt
Chandigarh Police Crime Branch tracks Wadhwa's movements across the Tricity area.
Fraud Discovery
Financial discrepancies are detected in government deposits at IDFC First Bank.
Fraud Surfaced
Financial discrepancies surface, and the IDFC First Bank-linked fraud is first reported; Wadhwa goes into hiding.
Business Expansion
Wadhwa expands into the hospitality and real estate sectors in the Chandigarh region.
Wadhwa Moves to Chandigarh
Vikram Wadhwa begins working as a guest house caretaker with a salary of Rs 1,500.
Humble Beginnings
Vikram Wadhwa moves to Chandigarh, starting as a guest house caretaker earning ₹1,500/month.
The arrest of businessman Vikram Wadhwa by the Chandigarh Police marks a major escalation in a ₹590 crore financial fraud investigation involving the diversion of public funds through IDFC First Bank accounts. Wadhwa, a prominent real estate developer, is accused of laundering money from civic bodies into hospitality and property ventures across the Chandigarh Tricity region.
Chandigarh police have apprehended real estate developer Vikram Wadhwa in connection with a massive financial fraud involving the diversion of public funds through IDFC First Bank accounts. The investigation, spanning multiple government agencies in Haryana and Chandigarh, highlights systemic vulnerabilities in the management of civic institution deposits.