IT Searches 12 Mumbai Locations Linked to Rakul Preet Singh

• The Mumbai Income Tax Department is conducting searches at 12 locations linked to Rakul Preet Singh, Vashu Bhagnani and Panorama Studios.
• Officials are examining documents, financial records and transactions associated with the searches.
• The reported investigation includes suspected financial irregularities involving film-related transactions.
• Sources cited in the reports said investigators are examining alleged overseas movement of funds connected to film projects.
• The Income Tax Department has not publicly announced findings from the ongoing searches, according to the supplied reports.
• The searches do not by themselves establish wrongdoing, and the investigation remains ongoing.

The Income Tax Department is conducting searches at 12 locations in Mumbai linked to actor Rakul Preet Singh, film producer Vashu Bhagnani and Panorama Studios as officials examine suspected financial irregularities involving film-related transactions, according to reports.

Multiple teams from the Mumbai Income Tax Department are carrying out the operation and examining documents, financial records and transaction details connected to the individuals and companies under scrutiny.

The reported investigation is focused in part on alleged overseas movement of funds under the guise of financing film projects. Sources cited in the reports said investigators are looking into money that was allegedly sent abroad in the name of film shoots, projects and foreign distribution.

The exact nature of the suspected irregularities has not been disclosed. The reports also do not identify any findings by the Income Tax Department from the searches so far.

Financial records under scrutiny

Officials are reportedly verifying accounts and financial documents as part of the operation. The searches involve premises associated with Singh, Bhagnani and Panorama Studios.

The reports describe the suspected transactions as potentially involving tax evasion and financial irregularities, but the searches themselves do not establish that any individual or company committed a violation.

Rakul Preet Singh is married to actor and producer Jackky Bhagnani, the son of Vashu Bhagnani. Bhagnani has produced films including Coolie No. 1 and Hero No. 1, according to the supplied reports.

Panorama Studios is also among the entities whose linked premises are being searched. The company is headed by producer Kumar Mangat Pathak and has been associated with films including the Drishyam franchise, according to one of the reports.

The reports also mention filmmaker Ali Abbas Zafar in connection with a separate search operation, but provide limited details about that action.

The current Income Tax searches remain focused on financial records and alleged transactions connected with film projects. Officials are continuing to examine the material collected during the operation, with further details expected as the investigation progresses.