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Five Held After Undertrial in IDFC Fraud Found at Chandigarh Hotel

Police say the incident points to alleged bribery and a procedural breach that may expand probes into the IDFC First Bank fraud

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A case under Prevention of Corruption Act and Sections related to disobedience by public servant, negligent escape from custody, resisting lawful arrest, criminal conspiracy among others of the Bharatiya Nyaya Sanhita has been registered against all Wadhwa, his sons and the two police personnel. (HT File)

Overview

  • Police raided a Sector 17 hotel and arrested Vikram Wadhwa, his sons Karan and Kunal, and two escorting officers after finding them together on Tuesday.
  • Officers say the escorts took Wadhwa to the hotel after a medical check at GMSH instead of returning him to Model Jail and that the sons induced the officers to facilitate the plan.
  • A First Information Report names all five and lists charges including criminal conspiracy, negligent escape from custody and provisions under anti-corruption law.
  • Wadhwa was returned to Model Jail and remains an ED undertrial in the PMLA probe that began with his May arrest.
  • Investigators are reviewing hotel records, CCTV and ownership links to Wadhwa as authorities assess custodial lapses and possible wider implications for the multi‑crore embezzlement case.