Saturday, 17 November 2012

Liquor baron Ponty Chadha, brother killed in firing

Liquor baron Ponty Chadha, brother killed in firing
Clean Media Correspondent

New Delhi, Nov 17 (CMC) Controversial liquor baron Ponty Chadha and his estranged brother Hardeep were killed on Saturday when they and their guards traded gunfire after an arguement during a meeting called to resolve their property dispute at a farmhouse in south Delhi.

The 55-year-old Ponty and his brother Hardeep, with whom he had a strained relationship due to property dispute, were shot at in their chests during the meeting at the former's farmhouse in Chhattarpur at around one pm. One of the guards also suffered injuries in the incident.

The three Chadha brothers — Ponty, Hardeep and Rajinder — were jointly managing the Rs6,000-crore Wave Inc, formerly Chadha Group, which has diverse business interests in fields ranging from distilleries, multiplexes, sugar to paper mills, real estate, poultry and films.

Sources said Hardeep, along with his men, had gone to the farm house following a call from Ponty for a meeting to discuss the dispute over ownership of a property. It started on a peaceful note but soon turned ugly, following which Hardeep allegedly opened fire at his brother, sources said.

This enraged the guards of Ponty who returned the fire in which Hardeep was killed, they said. Both groups opened fire at each other. After Hardeep opened fire, Ponty and guards from both sides also opened fire, sources added.

Around 30-40 rounds were fired and police later recovered two pistols and empty cartridges from the scene. The forensic and crime teams visited the spot and have lifted finger prints and other evidences from the spot.

Both brothers were taken to hospitals where they were declared brought dead. Their bodies were shifted to AIIMS for a post-mortem. Ponty is believed to have taken six bullets on his body.

This is the second incident of firing at Ponty Chadha's residence. On October 5, firing had taken place at his ancestral home in Moradabad.

Chadha's business empire encompasses distilleries, multiplexes, sugar and paper mills, real estate, poultry and films. He was producer of the Sunny Deol starrer Jo Bole So Nihaal. Considered close to UP politicians, Chadha is one of the prominent names in liquor business in Uttar Pradesh and was granted the sole distributorship for liquor.

Ponty Chadha hit the headlines earlier this year when the I-T department conducted searches at 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.

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