The Income Tax Department on Thursday searched the premises of media baron Raghav Bahl in reference to a case of alleged tax evasion. The Income Tax group raided Raghav Bahl’s home in Noida this morning and are searching for paperwork and different proof associated to the case beneath probe.
However, on the time of raids, Raghav Bahl was in Mumbai. Reacting to the incident, Bahl issued an announcement saying, I’ve a matter of nice concern to share with the Guild. While I used to be in Mumbai this morning, dozens of IT officials descended on my residence and The Quint’s workplace for a ‘survey’. We are a totally tax criticism entity, and can present all entry to all applicable finance paperwork. However, I’ve simply spoken to the officer on my premises, on Mr Yadav, and requested him, strongly, to not attempt to choose up or see another mail/doc which is prone to include very critical/delicate journalistic materials.”
“If they do that, then we shall seek extremely strong recourse. I do hope the EG will back us on this, and thereby set a precedent for any such exercise that may happen on any other journalistic entity in the future. They should also not misuse their smart phones to take unauthorized copies of this material. I am now on my way back to Delhi,” he additional added.
— Raghav Bahl (@Raghav_Bahl) October 11, 2018
He can also be the co-founder of media organisation the Quint. Raghav Bahl was additionally related to CNBC, Viacom, BBC, Star TV, A&E, Time Warner and Forbes. He additionally labored as a Management Consultant at AF Ferguson adopted by a stint at Amex.
Notably, Bahl’s exit kind Network 18 shocked the media trade. In early 2012 Mukesh Ambani’s Reliance Industries had purchased debentures in Network18’s promoter group corporations, convertible into shares at any time inside 10 years of placing within the money into Network18. However, Reliance exercised the choice barely two and a half years later, which led to Raghav Bahl leaving the corporate.