Liquor baron Ponty Chadha's son Monty arrested from Delhi airport
New Delhi: Monty Chadha, son of Ponty Chadha—the liquor and real estate baron who was murdered in 2012, was arrested from the Delhi airport on Wednesday in connection with a cheating case.
The Economic Offences Wing (EOW) of Delhi Police nabbed him while he was trying to escape to Thailand. Additional Commissioner of Police (EOW) Suvashis Choudhary told Millennium Post that Chadha was arrested while travelling to Phuket. Look Out Circular (LOC) was opened. Police said that Manpreet Singh Chadha, promoter-director of M/S Uppal Chadha Hi-Tech Developers Pvt Ltd, was found to be involved in another case of cheating registered with EOW.
"The case was registered on the complaint of K Ramesh and others against Uppal Chadha's Hi-Tech Developers Private Limited at South Extension-2. The complainants alleged that the company launched a project in 2006 at NH-24 Ghaziabad," said Delhi Police in their press statement.
The statement further reads that in the year 2003, Ghaziabad Development Authority (GDA) formulated a policy for the development of a Hi-Tech city thereby providing a platform to real estate developers to develop Hi-Tech and smart townships with modern facilities in Ghaziabad. "In 2005 the agent/brokers of Hi-Tech Developers Pvt Ltd started approaching public for booking of plots in their proposed township projects namely Rosewood Enclave, Sunny Wood Enclave, Limewood Enclave and Crestwood enclave situated in Kachera village, Dujana, Mehrauli at NH-24, Ghaziabad," added press statement.
According to police, the alleged company allured them by showing brochures and layout plan for the proposed township spread over 1,500 acres. The possession of the plots was to be provided within 8 months, from the date of allotment letters. "All the 29 victims, who have approached the police so far, booked plots during 2005-06 paying an amount of Rs 4.5 crore approx," police said.
The complainant received letters in November 2009 from the alleged company stating therein that all necessary licenses and approvals were obtained and the first phase of 1500 acres has been approved by the government, added police.
The investigating agency further disclosed that the details about sectors and plots were being finalised with the government. Around June 15, 201, they received a demand letter signed by vice-president of alleged company but to their utter shock and surprise the name of the company, the township, and the address of the company were changed and all payments were sought in a new entity namely Wave City NH-24.
"During investigation, it has emerged that Government of Uttar Pradesh announced a Hi-Tech township policy in 2003, but later on it was revised by the government in the year 2007 and 2008. Further, the alleged company Uppal Chadha Hi-Tech Pvt Ltd had entered in an MoU with the GDA on November 30, 2005, for developing the project," police said adding that the alleged company started taking bookings for plots from the victims with an initial amount of Rs 3-5 lakhs each. The alleged company had started accepting booking amount from the victims in 2005-2006. However, site plan was sanctioned only on November 2, 2013. Further, even after 15 years, the alleged company neither provided plots to all the buyers nor refunded their invested amount.