Liquor baron Ponty Chadha shot dead

Last Updated: Sat, Nov 17, 2012 14:46 hrs

New Delhi, Nov 17 (IBNS) Liquor baron Ponty Chadha and his brother were killed in a shootout inside their farmhouse at Chattarpur in south Delhi on Saturday, reports said.

The details of the incident were unclear but the liquor baron who ruled over many other businesses, including owning multiplexes and sugar mills, and was close to top politicians across parties was confirmed dead.

His brother Hardeep also died, reports said and it could be that they killed each other.

The two brothers were at loggerheads and they probably shot each other but that was yet to be confirmed.

Ponty´s business empire is worth Rs 6000 crore, reports said.

On Oct 5, a firing was reported from a house owned by the Uttar Pradesh liquor baron in his Moradabad house.

Chadha, who was 55, ruled the liquor trade in Uttar Pradesh and he was controversial too and known for enjoying special favours during the regime of former UP chief minister Mayawati. He was also close to the Samajwadi Party, reports said.

There were allegations that he bought liquor at cheap rates and sold them later at a premium.

Chadha was also a real estate baron and was in news after the Supreme Court issued a notice to the UP government on land allotments in Noida.

Chadha and his two brothers owned the Chadha Group, which was consolidated under the Wave brand.

More from Sify: