Ponty Chadha Group fined Rs 83 lakh for selling liquor without paying Excise duty

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Liquor
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The Hush Post: The Excise and Taxation Department in Moga district has recovered Rs 83 lakh Excise duty from the Ponty Chadha Group, as per a report.

Liquor baron Ponty Chadha’s family is running the Chadha Group after his death. Chadha Group of companies deals in liquor and real-estate business and it owns several multiplexes.

The “illegal” liquor was found in the L-13 storehouse of the Chadha Group in Moga. The charges pertain to the 2009-10 financial year. On checking, the Department found that the group did not pay Excise duty on a large portion of the stocks.

The liquor was smuggled out of AB Grains Spirits Private Limited, Batala. It was done in connivance with excise officials and kept in the storehouse in Moga.

Currently, too, the Chadha Group has a major stake in the liquor trade in Punjab, Haryana, Uttar Pradesh, and other states, the report said.

Ponty Chadha was an Indian business tycoon who owned the Wave Group. He was killed due to business rivalry in November 2012.

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