Chandigarh, March 18 -- Properties worth around Rs.70 crore belonging to real estate developer Vikram Wadhwa, arrested in connection with a case involving diversion of government funds, have been identified, police said. Officials said around seven immovable properties connected to Wadhwa have been traced during the ongoing search. These include residential and commercial assets in the tricity region, which investigators suspect were acquired using proceeds of the alleged fraud.

Officials added that financial experts have been roped in to analyse bank account statements and trace the money trail. "So far, we have identified fixed assets in Wadhwa's name and linked entities. These can be attached or confiscated for recovery of the defraud...