A team of sleuths raided the residence of Bahl in neighbouring Noida early morning and are looking for documents and other evidence related to the case under probe
New Delhi: The Income Tax Department on Thursday searched the premises of Quint news portal founder Raghav Bahl in connection with a case of alleged tax evasion, officials said.
They said a team of sleuths raided the residence of Bahl in neighbouring Noida early morning and are looking for documents and other evidence related to the case under probe.
It is understood 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.
Bahl is a serial media entrepreneur and best known for his ownership in TV18 India. He was the Founding/Controlling Shareholder & Managing Director of Network18 Group until the takeover by Reliance Industries Ltd.
Bahl founded Quintillion Media Pvt Ltd with his wife Ritu Kapur after their exit from Network 18. He has signed a joint venture agreement with Bloomberg LP to launch BloombergQuint.
With agency inputs
Last Updated Oct 11, 2018, 10:55 AM IST