In a dramatic turn of events, Manpreet Singh Chaddha alias Monty Chadda, son of liquor baron Ponty Chaddha was arrested by the police and later on sent to jail while he was leaving from Delhi Airport for Phuket. Ponty was booked by the Economic Offence Wing of 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 FIR against Monty was lodged on the complaint of K Ramesh and others against Uppal Chadha Hi-Tech Developers Pvt Ltd, New Delhi in January 2018. Monty is the promoter and director of the company. The complainants had alleged that the company launched a project in 2006 at NH-24, Ghaziabad, UP, a year after the 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 District Ghaziabad, UP.
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