IDFC First Bank

Company IDFCFIRSTB

Last mentioned: 3h ago

Timeline

  1. Arrest in Kharar

    Chandigarh Crime Branch tracks and apprehends Wadhwa at a hideout in Mohali.

  2. Wadhwa Evades Arrest

    The businessman goes into hiding as the Chandigarh EOW and Haryana Vigilance launch probes.

  3. Fraud Discovery

    Financial discrepancies are detected in government deposits at IDFC First Bank.

  4. Wadhwa Moves to Chandigarh

    Vikram Wadhwa begins working as a guest house caretaker with a salary of Rs 1,500.

Stories mentioning IDFC First Bank 1

Regulation Bearish

IDFC First Bank Fraud: Vikram Wadhwa Arrested in Rs 590 Crore Public Fund Probe

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.

2 sources