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

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.

- Ad - - article resumes -

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.

Help Opindia Reach Every Indian. Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Big Story

The National Commission for Women (NCW) has taken cognisance of the complaint of sexual harassment that was made by one Himanshi Gupta against a senior producer of Kapil Sibal backed Tiranga TV.

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

Proud to be a brand - Made in India?
Now, Advertise on Opindia

Mangalore: Mohammad Ansari rapes a cow by tying its limbs, villagers catch him in the act, arrested

The villagers also made Ansari touch cow’s feet and ask for forgiveness for raping her. However, when Ansari approached the calf, the animal freaked out and started running.

Mangaluru villagers caught Mohammad Ansari raping a calf, police arrests villagers for ‘hurting religious beliefs’

In the Kunjathbail village in Mangaluru, Mohammad Ansari was caught red-handed by the villagers while he was raping a calf.

Here are 15 famous quotes from Harsha Bhogle during his commentary stint

The famous Indian commentator, Harsha Bhogle, born on July 19 in Hyderabad is celebrating his 58th birthday today.

Abusive actor Ajaz Khan arrested by Mumbai Police for instigating violence through social media

Mumbai Police arrests small-time actor Ajaz Khan after he mocked the police on TikTok

Revisiting Sainbari, a blot on Indian Democracy: When Communists made a mother eat rice with her dead sons’ blood

The Sainbari incident remains the most horrific instance of political violence in the country.
Couple forced out of village; husband pressurised to accept wife’s religion

Hindu boy’s family forced out of village for marrying Muslim girl, police advices boy to convert as villagers threaten to kill

Newlywed Hindu boy and Muslim girl approach SSP for protection as villagers threaten to kill them and local police ask the boy to convert
Salma Ansari's temple plan receives AMU's objection

AMU administration’s jolt to Mrs Ansari’s secularism pitch, says no to temple plan inside ‘Chacha Nehru Madarsa’

Salma Ansari, the wife of former vice president Hamid Ansari, had announced recently that she will have a temple built inside the 'Chacha Nehru Madarsa' that she runs in AMU campus.
Shashi Tharoor supports Sanjiv Bhatt

Congress leader Shashi Tharoor extends support to disgraced cop Sanjiv Bhatt sentenced to life in custodial death case

Shashi Tharoor had tweeted today that he had met with the family of disgraced cop Sanjiv Bhatt

Live updates Karnataka Trust Vote: House adjourned, floor test now expected on Monday

JDS-Congress government of Karnataka is facing their second floor test after assembly elections were held in May last year.
United Muslim Forum in Telangana asks members not to kill cows on Bakr Eid

United Muslim Forum asks Muslims not to kill cows on Bakr-Eid, asks state government to stop Gau Rakshaks

The United Muslim Forum reportedly said that the Muslim community must refrain from killing bovine animals on Bakr-Eid so the possibilities of mischief are reduced.
Subscribe to Day's Top Stories
- Advertisment -

Latest articles

Connect with us

173,678FansLike
159,240FollowersFollow
74,860SubscribersSubscribe
Help Opindia Reach Every Indian. Share This Post