Despite initial confusions, Delhi police confirmed the news that both Ponty and his brother have succumbed to their injuries. While Hardeep alias Monty died at the spot, Ponty was taken to hospital and later was declared dead.
Initially, sources informed that six to seven assailants had trespassed into their farmhouse and started firing. However, later, Delhi police stated that it was a case of personal feud. Monty reportedly shot at Ponty and the liquor baron's body guard killed his brother.
Cops informed that six bullets were recovered from Ponty's body while eight were recovered from Monty's body. Close relatives and friends, who were rushed to the farmhouse, overruled all speculations that the duo killed each other over property dispute.
The Chadhas were the sole liquor distributor in Uttar Pradesh. Ponty also had business interests in real estate, sugar mills and film production.
Income Tax Department had raided Chadha's properties in Delhi and Uttar Pradesh, including his multiplexes in Noida and a sprawling 13 acre farm house in Chattarpur.
Ponty earlier was close to Samajwadi Party but later he shifted his loyalty towards Mayawati government in Uttar Pradesh. The Income Tax sources alleged that each bottle sold by Ponty was marked above the MRP. The margin of the same was shared between Ponty and UP politicians.
Utilizing his proximity to Mayawati, Chadha had expanded his business empire to real estate, sugar mills and film production. He was able to get land at throwaway prices from the UP government across Noida to build multiplexes, commercial establishments like Wave in Noida and Genesis School.