Businessman with ties to Tarun Tejpal arrested by Delhi Police for fraud while trying to flee the country
5 years, 7 months ago

Businessman with ties to Tarun Tejpal arrested by Delhi Police for fraud while trying to flee the country

Op India  

Manpreet Singh Chaddha alias Monty Chadha, son of deceased liquor baron Ponty Chaddha, was arrested by the Economic Offence Wing of the Delhi Police on Wednesday night from the Indira Gandhi International airport while he was leaving for Phuket. Monty was booked by the EOW Delhi Police in January 2018 in a cheating case over allegations of duping the investors of over Rs 100 crore in a real estate project at NH24. The complainants had claimed that the company launched a project in 2006 at NH-24, Ghaziabad, a year after the Ghaziabad Development Authority formulated a policy for the development of a Hi-Tech City, thereby providing a platform to real estate developers to develop smart townships with modern facilities at the place. The details about sectors and plots were being finalized with the government.” “In 2011, they received a demand letter signed by Vice President of the 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,” he added.

History of this topic

Delhi Police arrests late liquor baron Ponty Chadha's son Monty from IGI airport for fraud, to be presented in court on Thursday
5 years, 7 months ago

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