Income Tax department raided 17 premises of the liquor baron Ponty Chaddha and his business associates, and claimed that they had found more than 100 crore rupees in cash. The raids were carried out on Ponty’s premises in Lucknow, Moradabad, Noida< Kaushambi and Delhi. The raids begin after they received reports of overpricing and heavy evasion of taxes from Ponty’s liquor business. According to I-T department 90 crore rupees have been recovered in cash from his centrestage mall in Noida alone.

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