Vikram Wadhwa Age, Family, Biography

Some Lesser Known Facts About Vikram Wadhwa

• Vikram Wadhwa hails from the Malout district in Punjab.

• In 1991, after completing his higher secondary, he moved to Chandigarh and started working as a guesthouse caretaker on a salary of Rs 1,500 per month.

• Later, he started building his business. In 2008, he purchased the Landmark hotel in Sector 22, Chandigarh. He also served as a director of Citiheights Hotel Pvt. Ltd, that operates from an office in Sector 22. Chandigarh.

• He then shifted to the real estate business, and within a few years, he became well-known for his close relationships with several senior bureaucrats and government officials in Haryana, Chandigarh, and Punjab. Wadhwa was frequently seen socializing with these officials at his parties and gatherings throughout the tricity.

• Over the past few decades, Vikram built a network of companies and partnerships that helped him to get contracts and financial deals across Chandigarh, Panchkula, and Mohali.

• He also opened a disco, Chandiland, in Sector 7, Chandigarh, which later shut down during the COVID-19 lockdown.

• Along with his hospitality business, he became a designated partner in three Limited Liability Partnership (LLP) firms, including Prisma Residency, Kinspire Realty, and Martell Buildwell. These real estate firms own several acres of land on which residential and commercial projects are being developed in the Kharar and Mohali areas.

• Vikram Wadhwa owns residential properties in Sectors 33, 21, and 36 in Chandigarh and a farmhouse worth Rs 10 crore in New Chandigarh.

• In March 2026, Vikram was arrested from a hotel in Mohali by the Chandigarh Police’s Economic Offences Wing in connection with the IDFC First Bank’s Rs 590 crore scam and the Chandigarh Smart City Limited project’s Rs 116 crore scam.
  

  Vikram Wadhwa, after the arrest

• Despite being on the radar of the Haryana Police’s Anti-Corruption Bureau, State Vigilance Department, and the Enforcement Directorate, he has been on the run since 22 February 2026.

• During the initial investigation, police found out that Vikram allegedly used his connections with senior Haryana government officials to carry out the fraud by convincing department heads to deposit government funds as fixed deposits in a private bank. After the money was deposited, it was allegedly diverted through a network of shell companies. A large portion of the funds was used to purchase high-value properties and other assets. Around ₹100 crore was reportedly sent to jewellers to buy gold, while about ₹10 crore was transferred to relatives and close associates and later taken back in cash.

• Along with Vikram, 11 other people, including bank employees Ribhav Rishi and Abhay Kumar, and a department superintendent, Naresh Kumar Bhuwani, were arrested in connection with this case.

• After the arrest, Vikram was produced in the local court and was sent to five days’ police custody.

• Vikram Wadhwa was fond of luxury watches, luxury vehicles, and international holidays. One of his sons is studying in London, and the other is running a real estate business in Gurugram.