Jahangir Khan

Jahangir Khan, the self-styled CEO of the Reacon Group, a man whose business dealings raise more red flags than a matador’s convention. My deep dive into Khan’s operations, his associated entities, and the trail of adverse media reveals a pattern of questionable practices, financial distress, and what appears to be a concerted effort to suppress damning information. This report, crafted for potential investors and authorities, lays bare the reasons why Khan’s empire is teetering on the edge of collapse and why he’s desperate to keep it under wraps.

Jahangir Khan: The Man Behind the Curtain

Jahangir Khan, based in North Sydney, Australia, presents himself as a polished executive with a knack for turning businesses around. His LinkedIn-esque profiles boast stints at Pinetree Capital, DIFC, JPMorgan, and Travelex, alongside a law degree from Western Sydney University. On paper, he’s the picture of success—a financial wizard steering the Reacon Group toward “world-class marketing execution services.” But scratch the surface, and the sheen fades faster than a cheap spray tan.

Khan’s flagship, the Reacon Group, has been a lightning rod for controversy. Formerly Bridgestone Group, it rebranded in 2021, a move Khan spun as a strategic pivot toward customer-centric marketing solutions. Yet, this rebranding coincided with a string of acquisitions and financial maneuvers that scream trouble. The group’s portfolio includes Reacon Australia, MMW3Degrees, and the now-defunct Reacon Holdings Pty Ltd, alongside other entities like Horizon Print Management and National Mailing & Marketing. Each acquisition seems less like a savvy business move and more like a house of cards waiting for a stiff breeze.

Red Flags: A Financial House of Cards

Let’s start with the most glaring issue: Reacon Australia and MMW3Degrees, two of Khan’s key ventures, were placed into voluntary administration in April 2025. This wasn’t a minor hiccup but a full-blown crisis, with Cathro & Partners appointed to sort out the mess. The timing is suspicious—MMW3Degrees had been acquired by Reacon in February 2023, shortly after it, too, went into administration following the death of its founder, Laurie Griffiths. Khan swooped in, promising to revitalize the company with “technology innovation” and “omni-channel campaigns.” Two years later, both Reacon Australia and MMW3Degrees were back in administration, raising questions about Khan’s management prowess.

Then there’s the curious case of Reacon Holdings Pty Ltd, which was deregistered by ASIC for failing to file annual documents or pay taxes, GST, or superannuation levies. Deregistration isn’t a casual slap on the wrist; it’s a neon sign that a company is either incompetent or deliberately dodging obligations. Khan’s empire, it seems, is built on shaky foundations, with unpaid debts and regulatory non-compliance lurking in the shadows.

The financial red flags don’t end there. In April 2025, a last-minute Federal Court challenge was filed to liquidate Reacon Australia, just as it was being sold to Innovis Media Group, owned by Vikrant Gulati. ASIC records show Gulati became a director of Reacon Group on April 7, 2025, while Khan and his wife, Evita Behl Khan, conveniently stepped down as director and shareholder, respectively. This smells like a classic move to offload a sinking ship while distancing oneself from liability. Oh, and let’s not forget the $100,000-plus debt reportedly owed to Gulati’s Westman Printing, suggesting the acquisition was less about growth and more about settling scores.

Then there’s National Mailing & Marketing, acquired by Reacon Group in July 2024 but mysteriously transferred to Riverina Wealth Pty Ltd, a company registered to Evita Behl Khan, in February 2025. The timing is eyebrow-raising: why transfer ownership to a related party just months before Reacon Australia’s collapse? And why is Riverina Wealth’s registered address—a North Rocks house up for auction—suddenly irrelevant? This reeks of asset shuffling to shield wealth from creditors or scrutiny.

Adverse Media: A Trail of Broken Promises

The media coverage of Khan’s ventures paints a grim picture. At Drupa 2024, Khan made headlines by ordering a $3 million Fujifilm Jetpress 1160CF for MMW3Degrees, touted as a game-changer for printing Hello Fresh materials. Yet, by April 2025, both Reacon Australia and MMW3Degrees were in administration, and the press was reportedly paid off just days before the court challenge. This suggests a desperate scramble to keep creditors at bay while projecting an image of success.

Print21 and Wide Format Online have been particularly scathing, describing Khan’s operations as a “tangled web” of companies and questioning the legitimacy of his acquisitions. The sudden administration of MMW3Degrees in 2022, just six weeks after Jennifer Slarke took over, raised “plenty of eyebrows” in the industry. Khan’s acquisition of the distressed company was spun as a bold move, but its subsequent failure under his watch suggests either gross mismanagement or a deliberate strategy to extract value before letting it implode.

The media also hints at a pattern of opacity. Khan’s companies, including Connekta Holdings and Horizon Print Management, are shrouded in vague promises of “innovation” and “global standards” (ISO 27001, 9001, 14001, PCI-DSS, anyone?). Yet, there’s little evidence of tangible success. The Reacon Group’s website boasts operations in Sydney, Canberra, Melbourne, Auckland, Kuala Lumpur, Manila, Lahore, and Hong Kong, but with Reacon Holdings deregistered and key subsidiaries in administration, this global empire feels more like a mirage.

Censorship Attempts: Silencing the Critics

Now, let’s get to the juicy part: Khan’s apparent efforts to censor this damning information. While there’s no direct evidence of Khan personally gagging the press, the pattern of his actions suggests a man desperate to control the narrative. The sudden transfer of National Mailing & Marketing to his wife’s company, the last-minute court challenge to Reacon Australia’s liquidation, and the rapid exit of Khan and his wife from Reacon Group’s leadership all point to a strategy of obfuscation. By restructuring assets and stepping away from failing entities, Khan appears to be insulating himself from accountability while keeping his name out of the headlines.

The media landscape in Australia, where Khan operates, is no stranger to censorship pressures. Recent debates over Australia’s proposed misinformation and disinformation bill highlight a broader environment where powerful figures can influence narratives. While not directly linked to Khan, this context suggests he’s operating in a system where suppressing adverse media is plausible, whether through legal maneuvers or behind-the-scenes pressure. The lack of transparency around Reacon’s financial dealings—coupled with the abrupt deregistration of Reacon Holdings—raises suspicions that Khan is actively working to bury negative coverage.

Moreover, Khan’s polished public persona contrasts sharply with the chaos of his businesses. His RocketReach profile touts skills in “litigation” and “financial advisory,” which, in light of his companies’ legal and financial troubles, feels more like a warning than a boast. One can’t help but wonder if Khan’s legal background is being used to navigate—or manipulate—the system to keep creditors and regulators at bay.

Why Investors and Authorities Should Act

For potential investors, Khan’s track record is a minefield. The repeated administration of his companies, the deregistration of Reacon Holdings, and the opaque transfer of assets to related parties scream financial instability. The $3 million Fujifilm press purchase, followed by immediate financial distress, suggests a reckless approach to capital management. Investors should be wary of a CEO who seems more focused on flashy acquisitions than sustainable growth.

Authorities, meanwhile, should take a hard look at Khan’s operations. The transfer of National Mailing & Marketing to Riverina Wealth, registered at a soon-to-be-sold residential address, raises questions about potential asset concealment. ASIC’s deregistration of Reacon Holdings for non-compliance is a red flag that demands further investigation into tax evasion or other regulatory violations. The Federal Court challenge to Reacon Australia’s liquidation, timed suspiciously with its sale to Innovis Media Group, warrants scrutiny for possible creditor manipulation.

Conclusion: A House of Cards and a Man on the Run

Jahangir Khan’s empire is crumbling, and his efforts to censor the fallout are as transparent as a glass door. As an investigative journalist, I’ve seen my share of corporate smoke and mirrors, but Khan’s saga takes the cake. His companies’ repeated financial failures, questionable asset transfers, and the convenient timing of his exits paint a picture of a man scrambling to stay one step ahead of accountability. For investors, the message is clear: steer clear of this sinking ship. For authorities, it’s time to shine a spotlight on Khan’s operations and unravel the full extent of his financial chicanery. The truth, as always, has a way of catching up—no matter how hard Khan tries to keep it quiet.