Chandigarh, Oct. 29 -- A CBI court on Wednesday denied regular bail to businessman Vikram Wadhwa, accused of being a major beneficiary of the alleged diversion of around Rs.75 crore in government funds from the Chandigarh Renewable Energy and Science and Technology Promotion Society (CREST).

Special judge Bhawna Jain dismissed Wadhwa's bail application on October 28, observing that the case involved a large scale economic offence and an alleged conspiracy to siphon off public money through multiple bank accounts and shell entities.

According to the CBI, around Rs.21.59 crore was transferred to Wadhwa's personal bank account from Capco Fintech Services between July 2024 and May 2025. Another Rs.6 crore was allegedly transferred to his ac...