New Delhi:  Income Tax Department sleuths raided media giant Raghav Bahl’s home and office on Thursday in connection with a case of “bogus long term capital gains (LTCG)’ received by various beneficiaries.

Raghav Bahl is the founder of The Quint and the Network18 group.

Bahl on the matter tweeted,’I have a matter of great concern to share with the Guild. While I was in Mumbai this morning, dozens of IT officials descended on my residence and The Quint’s office for a “survey”. We are a fully tax compliant entity, and will provide all access to all appropriate financial documents.’

‘However, I have just spoken to the officer on my premises, one Mr Yadav, and requested him, strongly, to not try and pick up or see any other mail/document which is likely to contain very serious/sensitive journalistic material. 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 smartphones to take unauthorised copies of this material,’ Bahl added.