Key accused hotelier in ₹590-crore IDFC bank fraud held from Mohali

Vikram Wadhwa, a 52-year-old hotelier and real estate developer, was apprehended in Mohali for his alleged involvement in a ₹590-crore fraud linked to IDFC Bank. Wadhwa had been on the run since the scandal came to light on February 22, 2026, evading law enforcement agencies and raising concerns about his activities. The case has sparked significant media attention due to its scale and implications for the banking sector. Wadhwa's arrest marks a crucial development in the ongoing investigation, as authorities intensify their efforts to bring all involved parties to justice. The fraud reportedly involved complex financial transactions that exploited banking regulations, raising questions about oversight and accountability within the sector. This incident serves as a reminder of the vulnerabilities within financial institutions and the need for stringent measures to prevent such frauds in the future.