Entertainment
oi-Ashish Rana
The Income Tax department has started searches at 12 locations in Mumbai as a part of probe into suspected financial irregularities in Bollywood. The locations are connected with actress Rakul Preet Singh, filmmaker and producer Vasu Bhagnani Panormama Studios.
The Income Tax department initiated searches across 12 Mumbai locations connected with Rakul Preet Singh and Panorama Studios, investigating suspected financial irregularities concerning fund movement and alleged offshore transfers for film projects.
IT Teams Check Financial Records
Officials from the Mumbai Income Tax Department are investigating financial documents, records and details of transactions found during the searches. The investigation is morely focused on suspected irregularities in the movement of funds.
Investigators are also looking into the allegations that money was allegedly sent abroad while being shown as funding for film projects. Multiple teams have been deployed to verify the transactions and establish the source and use of the funds.
The search are currently underway, and the department has not announced any final outcomes and conclusion about the alleged irregularities.
Panorama Studios Also Under Scanner
Panorama Studios is among the entities linked to the locations being searched by the tax authorities. Officials are checking records related to film financing and other financial dealings as part of the wider inquiry.
The action comes as tax authorities examine financial transactions connected with the entertainment industry. Further details are expected once the searches and verification process are completed.
Rakul’s Brother Faced Drug Case
The Income Tax action is separate from a drug case involving Rakul Preet Singh’s brother Aman Preet Singh.
On December 19, 2025, the Elite Action Group for Drug Law Enforcement (EAGLE) Force and West Zone police arrested two businessmen for allegedly supplying drugs. Police seized 43 grams of cocaine and 11.5 grams of MDMA during the operation.
Aman was suspected of having bought drugs from the two alleged peddlers on five occasions. Following the case, Mumbai Police had launched a search for him in December last year.
The two developments are separate investigations and there is no information in the given details linking the Income Tax probe to the drug case.
