Anurag Kashyap, Vikas Bahl, Taapsee Pannu properties raided in Mumbai by I-T
On Wednesday, the properties of filmmaker Anurag Kashyap, Vikas Bahl, Madhu Mantena and actor Taapsee Pannu were searched by the Income Tax Department.
The I-T searches that were in connection with Kashyap Phantom Films was dissolved in 2018. In Mumbai, searches are going on in many locations, including properties of Shibhashish Sarkar (CEO Reliance Entertainment), Afsar Zaidi (CEO Exceed), Vijay Subramaniam (CEO Kwan). Exceed Entertainment and Kwan Entertainment are Mumbai’s popular celebrity management agencies.
The now dissolved film production company have received charges of tax evasion. On Wednesday, searches against the people associated with the companies and the offices of the company.
Union Minister Prakash Javadekar said that the agencies only conduct searches against people against whom they have credible information.
“The matter later goes to court,” the minister said. Anurag and Taapsee have always expressed their views against the government.
In 2011, in Mumbai, Anurag Kashyap, Vikramaditya Motwane, producer Madhu Mantena and Vikas Bahl found the film production company, Phantom Films.
50% stake in the company is procured by Reliance Entertainment in March 2015.
The company was dissolved in 2018 after a sexual assault allegation on Vikas Bahl that was alleged by an employee of Phantom.
The Phantom films has worked with several big Bollywood actors, directors, co-producers in seven years. Taapsee Pannu worked with Phantom Films in 2018’s Manmarziyaan.
Madhu Mantena, this year bought the shares of Anurag Kashyap, VikramadityaMotwane and Vikas Bahl in a bid so that the company can revive.
Each one of them had 12.5 per cent shares in the company. The buying of shares converted the name of the company from Phantom Films to Mad Man Venture, a joint venture between Madhu Mantena and Reliance Entertainment with both having 50% stakes in the company.