Liquor baron Ponty Chadha killed in gun duel with brother

Controversial liquor baron Ponty Chadha and his estranged brother Hardeep Chadha were killed on Saturday when they and their guards traded gunfire after an argument during a meeting called to resolve their property dispute, at a farmhouse in south Delhi.

Ponty, 55, and his brother Hardeep were shot at in their chests during the meeting at the former's farmhouse in Chhattarpur at around 1 pm on Saturday. Both the brothers were taken to hospitals, where they were declared brought dead. Their bodies were shifted to AIIMS for post mortem.

The three Chadha brothers — Ponty, Hardeep and Rajinder — were jointly managing the R6,000-crore Wave, formerly Chadha Group, which has diverse business interests in fields ranging from distilleries, multiplexes, sugar to paper mills, real estate, poultry and films.

Chadha was also producer of the Sunny Deol starrer, Jo Bole So Nihaal. Considered close to UP politicians, Chadha was one of the prominent names in the liquor business in Uttar Pradesh. He was apparently close to the Samajwadi Party, but switched to the BSP when Mayawati had assumed power, and became the sole distributor of liquor in Uttar Pradesh.

Ponty, whose real name is Gurdeep Chadha, had hit the headlines earlier this year when the I-T department conducted searches on his premises in February, covering 13 locations in Delhi, including posh Sainik Farms, Lajpat Nagar, New Friends Colony, and in six locations in Noida, Moradabad and Lucknow.

The group's recent focus has been on real estate and film distribution businesses.

The Centre Stage Mall in Noida's Sector 18 was the first shopping mall in the National Capital Region. The group's malls in Kaushambi, Lucknow, Moradabad and Ludhiana had become a brand in themselves.

The Wave's properties include residential properties in Mohali, Moradabad, Greater Noida, Ghaziabad and upcoming Wave City Centre in Noida. They also owned Wave Industries (Dhanaura), AB Sugars (Dasuya), AB Grain (Gurudaspur), Chadha Papers (Bilaspur), Manorama Papers (UP) and Wave Beverages (Amritsar), among others.

... contd.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus