Nearly-Rs-100-cr-cash-found-in-basement-of-Centrestage-mall-Noida-owned-by-liquor-baron-Ponty-Chadha
Nearly-Rs-100-cr-cash-found-in-basement-of-Centrestage-mall-Noida-owned-by-liquor-baron-Ponty-Chadha

Rs 125cr found in Ponty Chadha's Noida mall

Income tax (I-T) officials recovered more than Rs 125 crore in cash in the basement of the Centrestage Mall in Noida owned by the UP liquor baron, Gurdeep Singh Chadha, better known as Ponty. HT reports. The man and his empire | The full Ponty
By HT Correspondents | Hindustan Times, New Delhi / Lucknow
UPDATED ON FEB 02, 2012 11:53 AM IST

Income tax (I-T) officials on Wednesday recovered more than Rs 125 crore in cash in the basement of the Centrestage Mall in Noida owned by the UP liquor baron, Gurdeep Singh Chadha, better known as Ponty.

Earlier, on suspicion of alleged tax evasion by Chadha and the group of companies he runs, the I-T department scoured his 25 offices and residences across Delhi, Noida, Lucknow and Moradabad. Premises of his associates Lalit Kapoor and Gurjeet Kochhar were also searched.

What’s more, I-T officials are working on leads that funds from West Asia may have flowed through the hawala route into Chadha’s businesses that have now been consolidated under an umbrella entity, Wave Inc.

The rise of Chadha’s business empire, whose interests spread across liquor, sugar mills, multiplexes and malls, distribution rights of Bollywood movies and construction, has been significant during the last three years.

HT could not contact Chadha as he is believed to be in Dubai. Phone calls to his residence also went unattended, while his mobile phone was switched off.

I-T department sources told HT another Rs 38.75 crore was recovered from the premises of one of his relatives. “It’s too early to say anything on the exact quantum of cash found, but the officials are also looking into the books recovered from various locations,” an I-T official said.

Sources in Lucknow quote the liquor baron’s adversaries questioning the Mayawati government’s decision to hand over the wholesale end — and retailing in some districts — of the Rs 6,000-crore liquor trade in UP to a Chadha company. Anil Agarwal, acting president of the Lucknow Sharaab Association and media chief of UP Sharaab Association, said, “Ponty Chadha has monopolised the liquor business. The wholesale business used to be auctioned through a lottery system during the previous regime and there used to be 25 to 30 wholesalers in the state.”

Chadha started his liquor business in Punjab where he was believed to be close to the Congress government, but his business expanded manifold in UP. In 2010, he bagged five of the 11 sick sugar mills sold by the UP government.

SHARE THIS ARTICLE ON
Close
HT Image
HT Image

SC panel inspects Metro Phase 4 sites to see if trees can be saved

By HT Correspondent, New Delhi
UPDATED ON MAR 03, 2021 11:43 PM IST
The Supreme Court-constituted Central Empowered Committee (CEC) on Wednesday conducted the first round of inspections of the Delhi Metro Phase 4 construction, after a petition was filed before the Delhi high court to save over 11,000 trees that are proposed to be felled to make way for the new corridors
Close
HT Image
HT Image

Court grants bail to five arrested for violence on R-Day

By Richa Banka, New Delhi
PUBLISHED ON MAR 03, 2021 11:42 PM IST
A Delhi court on Wednesday granted bail to five persons, including a class 10 student, arrested in connection with the violence at Nangloi Chowk during the farmers’ tractor parade on Republic Day
Close
HT Image
HT Image

Covid-19 cases reported among students, parents urge schools to hold online exams

By Kainat Sarfaraz, New Delhi
PUBLISHED ON MAR 03, 2021 11:42 PM IST
In light of Covid-19 cases being reported among school-going children, school administrators are taking extra precautions to ensure student safety as parents are now apprehensive about sending children to school
Close
HT Image
HT Image

Five held for violence and rioting in Mukundpur in outer Delhi

By HT Correspondent, New Delhi
PUBLISHED ON MAR 03, 2021 11:41 PM IST
After a video of mob rioting and firing in the air in outer Delhi’s Mukundpur surfaced on social media on Tuesday, police arrested five men on Wednesday and said the violence was perpetrated by a group of men to intimidate and dissuade their rivals in a plot dispute
Close
HT Image
HT Image

220 acre Bharat Vandana park in Dwarka sub-city gets green clearance

By Risha Chitlangia, New Delhi
PUBLISHED ON MAR 03, 2021 11:41 PM IST
Spread over 220 acres of verdant greenery in Dwarka sub-city, Bharat Vandana park is being developed as a major tourist destination by the Delhi Development Authority (DDA)
Close
HT Image
HT Image

AAP wins four of 5 municipal wards in by-polls, BJP draws a blank while Cong wins one

By HT Correspondent, New Delhi
PUBLISHED ON MAR 03, 2021 11:41 PM IST
: A year ahead of elections to Delhi’s municipal corporations, the Aam Aadmi Party (AAP) on Wednesday won four out of five wards in civic bypolls held on February 28, while the Congress bagged one seat, and the Bharatiya Janata Party (BJP), which has been the ruling party in the three MCDs for 14 years now, drew a blank
Close
HT Image
HT Image

National Book Trust editor booked for sexual assault on woman

By HT Correspondent, New Delhi
PUBLISHED ON MAR 03, 2021 11:40 PM IST
Rubin D’Cruz, the editor of the Malayalam department of the National Book Trust (NBT), has been booked after a woman accused him of sexually assaulting her at his home in south Delhi’s Vasant Kunj, the Delhi Police said on Wednesday
Close
A senior citizen gets his first dose of Covid-19 vaccine at Delhi Heart and Lung Institute in New Delhi, India, on March 2. (Amal KS/HT PHOTO)
A senior citizen gets his first dose of Covid-19 vaccine at Delhi Heart and Lung Institute in New Delhi, India, on March 2. (Amal KS/HT PHOTO)

Delhi records 240 new Covid-19 cases and 3 deaths, infection tally nears 640,000

By hindustantimes.com | Written by Karan Manral, New Delhi
UPDATED ON MAR 03, 2021 11:00 PM IST
In the last 10 days, beginning Feb 22, and including latest figures, Delhi has recorded 200 or more daily cases of coronavirus on six days. Its latest spike was from 68,831 tests, a positivity rate of nearly 35%.
Close
In the by-elections to the Municipal Corporation of Delhi, the Aam Aadmi Party won four of the five seats. It also won the Shalimar Bagh North constituency which was earlier held by the BJP. (PTI PHOTO).
In the by-elections to the Municipal Corporation of Delhi, the Aam Aadmi Party won four of the five seats. It also won the Shalimar Bagh North constituency which was earlier held by the BJP. (PTI PHOTO).

After losing lone seat, BJP downplays performance in Delhi local body polls

PUBLISHED ON MAR 03, 2021 10:30 PM IST
  • In the by-elections to the Municipal Corporation of Delhi, the Aam Aadmi Party won four of the five seats. It also won the Shalimar Bagh North constituency which was earlier held by the BJP.
Close
HT Image
HT Image

Court reunites man with his two dogs, says ‘unjustified to deprive of companionship’

By HT Correspondent, New Delhi
PUBLISHED ON MAR 03, 2021 10:12 PM IST
A Delhi court has handed back the custody of two golden retriever dogs to their owner saying it would be “unjustified to deprive him of the companionship and custody of his pets”, which were taken away by an NGO and the city police alleging that the animals were being mistreated by their owner
Close
Representative Image (HT Photo)
Representative Image (HT Photo)

Department of Telecom brings down 140 illegal mobile signal boosters in Delhi

PTI
PUBLISHED ON MAR 03, 2021 06:59 PM IST
Raids were conducted between February 18 and 24 in several parts of Delhi, including Connaught Place, Hauz Khas and Nehru Place, DoT Wireless Monitoring Organisation Engineer Incharge Devendra Kumar Rai, said.
Close
Delhi CM Arvind Kejriwal with Aam Aadmi Party (AAP) candidates after emerging victorious during counting day of five bye-elections the Municipal Corporation of Delhi, in New Delhi, Wednesday,(Photos by Amal KS)
Delhi CM Arvind Kejriwal with Aam Aadmi Party (AAP) candidates after emerging victorious during counting day of five bye-elections the Municipal Corporation of Delhi, in New Delhi, Wednesday,(Photos by Amal KS)

People voted once again for development: Kejriwal on Delhi municipal bypolls win

By hindustantimes.com | Written by Deepali Sharma, Hindustan Times, New Delhi
UPDATED ON MAR 03, 2021 03:07 PM IST
The AAP on Wednesday won four out of five civic wards in Delhi bypoll, the Congress won one while the BJP drew blank.
Close
Delhi CM Arvind Kejriwal and deputy CM Manish Sisodia with Aam Aadmi Party (AAP) candidates after emerging victorious in five bypolls to the Municipal Corporation of Delhi, in New Delhi, on March 3. (PTI)
Delhi CM Arvind Kejriwal and deputy CM Manish Sisodia with Aam Aadmi Party (AAP) candidates after emerging victorious in five bypolls to the Municipal Corporation of Delhi, in New Delhi, on March 3. (PTI)

People unhappy with them: Kejriwal on BJP’s performance in Delhi civic bypolls

By HT Correspondent | Edited by Smriti Sinha
UPDATED ON MAR 03, 2021 02:56 PM IST
Of the five wards that went to poll, AAP won four. They are: Rohini-C and Shalimar Bagh North under the North Delhi Municipal Corporation; and Trilokpuri East and Kalyanpuri under the East Corporation
Close
AAP national convener and Delhi CM Arvind Kejriwal. (File photo)
AAP national convener and Delhi CM Arvind Kejriwal. (File photo)

Delhi MCD election results 2021: AAP wins 4 seats, Congress bags Chauhan Banger

By HT Correspondent | Edited by Smriti Sinha
UPDATED ON MAR 03, 2021 12:53 PM IST
The BJP, which is the ruling part in the three civic bodies for the past 14 years, didn’t win any seat. The bypolls are seen as the precursor to municipal elections scheduled next year. Political parties admit that the result will set the tone for the upcoming elections
Close
Delhi CM and AAP chief Arvind Kejriwal. (File photo)
Delhi CM and AAP chief Arvind Kejriwal. (File photo)

Delhi MCD bypolls: Early trends show AAP leading in 4 seats, Cong in 1

By HT Correspondent | Edited by Smriti Sinha
UPDATED ON MAR 03, 2021 10:42 AM IST
While just eight rounds of votes have been counted so far, the BJP, which is the ruling party in all three corporations, is trailing on four seats where AAP is leading
Close
SHARE
Story Saved
OPEN APP