Track2Realty: Police has detained at least 15 people, mostly the security personnel of controversial liquor and real estate baron Ponty Chadha and his younger brother Hardeep who were killed in a shootout between their groups at their farmhouse in south Delhi on Saturday, Nov 17.
The detained have been kept at the Mehrauli police station for interrogations. According to sources, Ponty Chadha’s post mortem is likely to be done today.
The shootout took place at the Mehrauli farmhouse yesterday morning. Sources maintain the two brothers met around noon over a property dispute. The meeting began peacefully but turned violent after a fresh dispute emerged.
Chadha, whose actual name is Gurpreet, reached the farmhouse with about 30-40 men, followed by Hardeep and his men.
“First Hardeep shot Ponty, whose gunmen fired back at him. The firing was a result of a property dispute. The incident happened around 12.30 pm,” a senior police officer said.
Both the brothers were shot around their chest. There were 12 bullet wounds in Chadha’s body; Hardeep sustained four. Narender, an employee of Chadha, was seriously injured and underwent surgery in hospital.
The shootout happened near the gate of the farmhouse. Around 1 pm, a call was made to the police from inside the premises.
This was the second incident of firing at Chadha’s residence. On October 5, gunshots were reported from his house in Uttar Pradesh’s Moradabad district.
Chadha, who was 55, hit the headlines in February this year when the income tax department conducted searches at his premises in Delhi, Noida, Moradabad and Lucknow.
Chadha singularly ruled over the liquor business in Uttar Pradesh. He was granted the sole distributorship for liquor under the Mayawati regime. He allegedly bought liquor at low prices and subsequently sold them at exorbitant rates.
Pegged at Rs. 6,000 crore, his corporate assets – including liquor – spanned across real estate, sugar, film production and exhibition. Chadha was producer of the Sunny Deol-starrer Jo Bole So Nihaal.
Chadha, along with his brothers, managed the Chadha Group, which has been consolidated under the Wave brand. He ran a popular chain of multiplexes – Wave Cinemas – in the National Capital Region.
The group’s Centre Stage Mall in Noida Sector 18 is the first shopping mall in the National Capital Region. It also owns malls in Kaushambi, Lucknow, Moradabad and Ludhiana.
Chadha was known to be close to the Samajwadi Party but shifted loyalties to the Mayawati-led Bahujan Samaj Party regime. His business is thought to have flourished ever since.
Apart from the sway that his group holds over the liquor business, Chadha also allegedly benefited in the sugar industry. Three sugar mills were awarded to his Wave Industries, which led to the state reportedly incurring losses to the tune of Rs. 124.70 crore.
