Manpreet Singh Chadha aka Monty Chadha, son of liquor baron Ponty Chadha, was arrested on Wednesday night in connection with an alleged fraud of over Rs 100 crore. Monty, the vice-chairman of Wave Group, was arrested by the officials of the Economic Offences Wing of Delhi Police at the Indira Gandhi International Airport in New Delhi while he was leaving for Phuket in Thailand. As per the FIR, filed in January last year, Chadha and associates did not deliver a promised hi-tech township in Ghaziabad. The case has been registered under sections 420 (cheating), 406 (criminal breach of trust) and 120B (criminal conspiracy) of the IPC. Ponty Chadha and his younger brother were killed in a shootout at a farmhouse in south Delhi in 2012 over an alleged property dispute.

Source: Indian Express June 13, 2019 05:59 UTC