Monday, January 18, 2021
Home Media Reports claim IT raids being conducted at The Quint founder Raghav Bahl's residence and...

Reports claim IT raids being conducted at The Quint founder Raghav Bahl’s residence and Quint office

Reports have emerged that Income Tax raids are being conducted at the residential premises of Raghav Bahl, the owner and founder of the website The Quint.

Raghav Bahl founded The Quint, was earlier the founder and managing director of Network 18. In 2014, he stepped down and sold the company to Reliance for a whopping Rs. 4000 crores, according to LiveMint. It was considered one of the biggest media takeovers in terms of the sheer value of the deal. It is reported that Raghav Bahl walked out of Network 18 after the takeover with a whopping Rs. 700 crores.

In July 2014 Bahl announced that he would be launching a digital media venture and 8 months later, Bahl launched Quintillion Media with TheQuint.com.

Bahl has since then invested in several digital portals. For example, Raghav Bahl’s Quintillion invested Rs 4 crores in a left-leaning portal “YouthKiAwaaz”. It was also reported the Raghav Bahl invested in TheNewsMinute.com, thought the quantum of investment was not disclosed.

As per a report on the Statesman, “As per the income tax report, two media firms – INX Media and Network 18 — had in 2008 allegedly bribed Karti for getting FIPB approvals. At that time, INX Media was co-owned by Peter Mukherjee, and Network 18 that runs TV channels like CNN-IBN and news portals was controlled by Raghav Bahl, who now runs the Quint website”.

The CBI had filed an FIR in the INX scam case in May 2017 alleging that Karti had received a bribe of Rs 3.5 crores from the Peter and Indrani Mukherjee owned INX Media Pvt Ltd. INX Media was later named as 9X.

It is being reported that the IT raids were carried out allegedly for evading tax on undisclosed income. The Quint office, too, has been raided by IT officials.

It is also being reported that the searches are being conducted at the premises of a few other people as part of the ITD action to probe tax evasion by a set of business professionals.

Raghav Bahl has issued a statement to the Editor’s Guild of India. He has asserted that while he was in Mumbai, dozens of IT sleuths raided his premises and The Quint’s office premises. He has said that he will co-operate but has urged the sleuths not to pick up or see any documents or emails which might contain sensitive journalistic material.

This is a developing story and will be updated as and when we receive more information.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

From Times of Islamabad to The Hindu: 5 media outlets which ’knew about the Balakot airstrike before it happened’ according to ‘liberal’ logic

The Mumbai Police leaked the private WhatsApp chats of Arnab Goswami on the internet in order to embarrass the Republic TV Editor.

Director of ‘Tandav’ issues ‘unconditional apology’ for hurting Hindu sentiments after UP Police registers an FIR: Details

Ali Abbas Zafar, the director of the recently released controversial web series Tandav, has issued an "unconditional apology".

‘Consensual affair’ between minors and adults not a valid defense, says SC: Here’s why it is significant in view of growing Grooming Jihad cases

The Supreme Court on the 13th of January delivered a very significant judgment in a case involving the kidnapping of a minor.

As India starts world’s largest COVID vaccination drive, media organisations resort to spreading lies and fear

Several media organisations have published headlines that alluded the ward boy who died of heart attack in Moradabad, had lost his life because of COVID-19 vaccine

‘Gaadi se layenge farzi comedian ko’: UP Police reaches Madhya Pradesh to take custody of Munawar Faruqui

UP Police has sought custody of 'comedian' Munawar Faruqui in a 2020 case pertaining to allegations of insulting Hindu gods and goddesses.

Hinduphobic content on OTT platforms and censorship: The case against it and the ironic case for it

Content creators don’t stay away from picking on other communities because they fear lawsuits or court cases. They stay away because they fear raw street power.

Recently Popular

British-Pakistani singer Zayn Malik says he loves India and fans can’t keep calm

Recently, Zayn Malik was heard singing Mohammad Rafi's Chaudavi Ka Chand in the track Tightrope.

‘Madam Chief Minister’ poster row: Bhim Sena threatens to cut off Richa Chadha’s tongue, actress apologises for poster

The poster of 'Madam Chief Minister' showed Richa Chadha holding a broom. Many have called it an offensive stereotyping of the Dalit community.

‘Not a single NPA in the three decades of its existence,’ Adani Group rubbishes Subramanian Swamy’s allegations

On Friday, BJP MP Subramanian Swamy had put out allegations on Twitter against Adani accusing him of non-payment of loans worth Rs 4.5 lakhs, which has allegedly turned into an NPA.

What the Nidhi-Harvard story reveals about our world: Get off your high horse, you are not that special, anyway

Liberal journalist, Nidhi Razdan, thought she had received an offer from Harvard University to become an Associate Professor of journalism.

Congress admits Mumbai police leaked Arnab Goswami chats: Here are all the wild conspiracy theories they generated

Prithviraj Chavan has admitted that it was the Mumbai Police which leaked the private WhatsApp chats of Arnab Goswami.

Pakistan claims India staged Pulwama attack after Mumbai Police leaks chat to embarrass Arnab, Republic hits back: Details

Pakistan has now issued a statement on the nonsensical controversy surrounding the private WhatsApp chats of Arnab Goswami
- Advertisement -

Mamata Banerjee declares war against Suvendu Adhikari, will contest 2021 polls from Nandigram, latter says ‘challenge accepted’

Mamata Banerjee declared that she would be contesting the upcoming Assembly polls from Nandigram in Purba Medinipur.

From Times of Islamabad to The Hindu: 5 media outlets which ’knew about the Balakot airstrike before it happened’ according to ‘liberal’ logic

The Mumbai Police leaked the private WhatsApp chats of Arnab Goswami on the internet in order to embarrass the Republic TV Editor.

California pauses the use of a huge batch of Moderna COVID-19 vaccine: Read why

Prior to this, a doctor in Boston had developed a severe allergic reaction after receiving Moderna COVID-19 vaccine

‘Took his penis out and asked me to feel it’: Actress Sherlyn Chopra accuses Sajid Khan of sexual harassment

Sherlyn Chopra has come forward and alleged that Sajid Khan took his penis out of his pants when she went to meet him in 2006

Director of ‘Tandav’ issues ‘unconditional apology’ for hurting Hindu sentiments after UP Police registers an FIR: Details

Ali Abbas Zafar, the director of the recently released controversial web series Tandav, has issued an "unconditional apology".

‘Consensual affair’ between minors and adults not a valid defense, says SC: Here’s why it is significant in view of growing Grooming Jihad cases

The Supreme Court on the 13th of January delivered a very significant judgment in a case involving the kidnapping of a minor.

BBC ‘Death in Bollywood’ documentary: Jiah Khan’s sister narrates how Sajid Khan harassed the actor, says ‘he asked her to take off her top’

BBC recently come out with a documentary series titled 'Death in Bollywood' that traced the mysterious death of late actress Jiah Khan

As India starts world’s largest COVID vaccination drive, media organisations resort to spreading lies and fear

Several media organisations have published headlines that alluded the ward boy who died of heart attack in Moradabad, had lost his life because of COVID-19 vaccine

India Today CFO and Distribution Head being grilled by ED again in the fake TRP case: Read details

India Today CFO was earlier summoned by the ED for questioning in the TRP case on January 8.

‘Gaadi se layenge farzi comedian ko’: UP Police reaches Madhya Pradesh to take custody of Munawar Faruqui

UP Police has sought custody of 'comedian' Munawar Faruqui in a 2020 case pertaining to allegations of insulting Hindu gods and goddesses.

Connect with us

245,563FansLike
496,912FollowersFollow
22,800SubscribersSubscribe