Raghav Bahl

The Delhi High Court on Tuesday temporarily suspended the look out circular (LOC) issued against media baron Raghav Bahl and wife Ritu Kapur in connection with a money laundering probe and allowed them to travel abroad next month. The court was informed that the couple has to travel to London and New York from September 2-16 for "business meetings". While allowing the pleas seeking permission to travel abroad, Justice Amit Bansal noted that the applicants had travelled abroad earlier and never misused that liberty. "I deem it appropriate to allow the present applications. The LOC is suspendedWe permit the applicants to travel to London and New York subject to furnishing an undertaking that they shall return to India on or before September 17 and they shall also file their itinerary," the court ordered. The Enforcement Directorate (ED) opposed the applications for permission to travel abroad and said there are "serious allegations" under the Black Money Act in the matter and the ...

The matter pertains to dealing in shares of PMC Fincorp between March 2012 and March 2015

In a related-party transaction, Raghav Bahl transfers digital content business from an unlisted firm to a listed one

He claimed the raids went on for about '23 incessant hours' and nearly 500 journalists of Quintillion Media Group were 'held to the most intrusive ransom by India's tax officers'

The Income Tax Department had on Thursday searched media baron Raghav Bahl's home and office in connection with a case of alleged tax evasion