Vikram Wadhwa

Businessman

Indian Malout, Punjab, India

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Quick Info

ProfessionBusinessman
NationalityIndian
Date of Birth01/01/1974
Age52 years
BirthplaceMalout, Punjab, India

Latest News about Vikram Wadhwa

29/03/2026

Vikram Wadhwa, a 52-year-old Chandigarh-based hotelier and real estate developer, was arrested by the Chandigarh Police Crime Branch after evading authorities since February 22, 2026. He was intercepted at a hideout in Khakar, Mohali, and sent to five-day police remand to trace the complete money trail involving over 2,400 transactions in the Rs 590-crore IDFC First Bank fraud case.

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Physical Stats & More

Eye ColourLight Brown
Hair ColourLight Brown

Educational Qualification(s)

Highest QualificationHigher Secondary

Personal Life

ReligionHinduism
Marital StatusMarried

Family

Children2
Parents
Father(deceased) (School Teacher)
Mother(deceased) (Homemaker)

Career

Known ForBeing a key conspirator in multi-crore IDFC bank frauds in Haryana and Chandigarh
ControversyArrested in Rs 590 Crore Bank Fraud Case (March 2026)
Description
  • In March 2026, Vikram Wadhwa was arrested as a key conspirator in a Rs 590 crore fraud case linked to IDFC First Bank.
  • The fraud involved Haryana government funds that were kept in bank accounts but were illegally withdrawn through fake transactions.
  • He was intercepted at a hideout in Khakar, Mohali on March 29, 2026, after evading arrest since the scam surfaced on February 22, 2026.
Additional Information
  • Also linked to another scam involving Chandigarh Smart City funds worth over ₹100 crore.
  • Arrested in March 2026 and sent to police remand for questioning.
  • The fraud involved over 2,400 transactions routed through shell companies and private accounts.
  • Enforcement Directorate conducted searches and froze over 90 bank accounts linked to the fraud network.
  • Sent to five-day police remand for further interrogation and tracing of the complete money trail involving over 2,400 transactions.
  • Some funds are suspected to have been channelled into real estate ventures and other investments linked to individuals involved in the conspiracy.

Favourites

Luxury Interests
  • Luxury watches
  • Luxury vehicles
  • International holidays

Some Lesser Known Facts

1. Hails from the Malout district in Punjab.
2. Moved to Chandigarh in 1991 after completing his higher secondary education.
3. Started as a guesthouse caretaker with a salary of Rs 1,500 per month.
4. Purchased the Landmark hotel in Chandigarh in 2008.
5. Served as a director of Citiheights Hotel Pvt. Ltd.
6. Engaged in the real estate business and developed a network of contracts and deals.
7. Opened the disco Chandiland in Chandigarh, which later shut down during COVID-19.
8. Owned properties in Sectors 33, 21, and 36 in Chandigarh and a farmhouse worth Rs 10 crore in New Chandigarh.
9. On the run since February 22, 2026, before being arrested from a hotel in Mohali.
10. Owned a Range Rover recovered by police from a site in Kansal.
11. Designated partner in real estate LLPs: Prisma Residency, Kinspire Realty, and Martell Buildwell, developing projects in Kharar and Mohali.
12. Purchased the Landmark hotel in Sector 22, Chandigarh in 2008.
13. Opened the disco Chandiland in Sector 7, Chandigarh, which later shut down during COVID-19 lockdown.
14. Moved to Chandigarh in the 1990s as a guesthouse caretaker on a ₹1,500 salary before building a real estate empire.
15. Accumulated substantial assets including residential properties in Sectors 33, 21 and 36 in Chandigarh and a farmhouse in New Chandigarh.
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