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Arrest and Seizure
Wadhwa is apprehended in Kharar; luxury assets including a Range Rover are recovered by the EOW.
EOW Manhunt
Chandigarh Police Crime Branch tracks Wadhwa's movements across the Tricity area.
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.
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.