News Karnataka
Sunday, December 04 2022
Bengaluru

I-T raids on DNA Entertainment Network and Innovative Studios

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Bengaluru: The Income Tax officials on Thursday searched the premises of two leading entertainment companies — DNA Entertainment Network Pvt. Ltd. and Innovative Studios Pvt. Ltd. — based in Bengaluru, for alleged undisclosed income.

According to sources, the operations at DNA Entertainment were a multi-city one involving search and survey at Bengaluru, Delhi, Mumbai, Kolkata, Hyderabad, and Kolar.

The searches at Innovative Studios were restricted to its premises in Bengaluru. Sources said the managing director of DNA Entertainment, T. Venkat Vardhan, is the grandson of the former Chief Minister of Karnataka, Kengal Hanumanthaiya.

DNA Entertainment is among the leading outdoor music event organisers and is also associated with sporting events and teams across cricket, hockey, badminton, kabbadi and football.

The sources said that in all, six premises belonging to DNA Entertainment was covered by I-T officials on Thursday, of which three were search and seizure while at the other three premises, officials surveyed the accounts.

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