Moneycontrol PRO
HomeNewsIndiaStoryboard18 | Dentsu's Mumbai office "raided" by IT dept

Storyboard18 | Dentsu's Mumbai office "raided" by IT dept

Industry sources said that the raid on Dentsu's Mumbai office is allegedly related to one of its clients, a global smartphone brand that the agency has worked with.

July 05, 2022 / 22:11 IST
Source: ShutterStock

The Mumbai office of Dentsu International was raided by the Income Tax department today, industry sources have confirmed to Storyboard18. Employees of Denstu were also asked to work from home until further notice, as per sources.

Senior advertising executives familiar with the matter added that the raid on Dentsu's Mumbai office is allegedly related to one of its clients, a global smartphone brand that the agency closely works with that was under the scrutiny of the IT department.

Sources have also confirmed that other clients have started calling the agency's executives. Agency officials are informing their clients that it was "a routine check."

Storyboard18 has reached out to Dentsu International with queries.

Dentsu's woes continue? 

In 2020, Dentsu announced it would cut the number of global brands from 160 to six as part of a major transformation of the Tokyo-based group’s international operations. The group has seen a series of senior-level exits in the past year and a half.

But things had been looking up for Dentsu when one of its campaigns went on a winning spree at major international award shows including the Cannes Lions. The agency also won the coveted Agency of the Year title.

(This is a developing story, check back for more updates)

Priyanka Nair is Assistant Editor of Storyboard. Storyboard is Network18's flagship platform focussed on the advertising & marketing community and a leading source of news and analyses on the business of brands
first published: Jul 5, 2022 10:10 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347