Ponty Chadha Murder Case: who will take over $10m family business?

India’s most powerful and the king of a liquor and real estate, Gurdeep Singh Chadha alias Ponty was died in a shoot out while a raging feud with his brother Hardeep Sing Chadha turned to a deadly shootout in which both killed.

However, cremation process did on Sunday after following two post mortems which concluded that both were shooted at their chest with around 20 bullets, including 12 were received by Ponty, while Hardeep was shot eight times. On second autopsy of Ponty, four more bullets were extracted from his body.

Two along with their mother met at their luxury farmhouse outside New Delhi with their lawyers last Thursday over ownership of property, the long split on the largest Chaddha group empire since their father’s death last year. The shootout fight had started after an argument escalated.

Now question is that both brothers dead and who will take over family business of Rs. 6,000 crore, was running by Ponty.

Ponty was the mysterious figure who described as an era of Wine business standard, holding the 1500 crore property in Chandigarh alone and a figure who symbolized the nexus between money and political power in India.

Although Ponty Chadha who kept under many criminal charges such as bribes, taxcrime, but due to political influence, no charge was proved. As per media information, his influence among other states, specially in UP was evident wthin just few hours of his death as and when his monoly control showed when all the liquor stores in the huge state were closed along with his family’s multiplex movie theaters.

Chadha’s death is really a sudden loss for India’s political class for which he was the king of the money via business –real estate. On cremation, there were more than hundreds of people gathered in New Delhi, mouring and waiting for pay their last respect to him.

Now a long split is seeming to trigger over the biggest claimants Ponty’s son Gurpreet and his uncle Raju Chadha, who might claim for the family business Wave Inc., which is around $1 billions to $10 billions in form of paper mills, shopping malls, movie theaters, sugar refineries and residential real estate projects.

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