New Delhi: Liquor baron Gurpreet Chadha alias Ponty Chadha, known to be very close to UP Chief Minister Mayawati, has been raided by the Income Tax Department on Wednesday morning.
The Directorate of Criminal Investigation of Income Tax raided 17 places belonging to the liquor baron across Delhi and Uttar Pradesh including his multiplexes in Noida and sprawling farm house in Chattarpur spread over 13 acres.
Ponty Chadha is the sole liquor distributor in Uttar Pradesh, and Income Tax sources said that each bottle sold in UP is priced above MRP. The margin money is shared between Ponty and UP politicians.
CNN-IBN has learnt that his close aide Lalit Kapoor alias Sweety, who handles money for the group has also been raided. His Punjab operations have also come under the scanner.
Since Mayawati came to power in Lucknow, Ponty has expanded his business empire to real estate, sugar mills and film production.
Land has been acquired at throwaway price from the UP government across Noida to set up multiplexes, commercial establishments like Wave in Noida and Genesis School.
Conduct of the officials colluding in the deal is being closely scrutinised.
The UP CAG had also indicted Ponty in the purchase of 5 sugar mills in UP at throwaway price by duplicate tenders.
The Income Tax Department is also looking into the flow of money coming in from UAE that is reflected in the books of the group.