The Income Tax Department has initiated search operations at twelve locations in Mumbai concerning actor Rakul Preet Singh, her father-in-law Vashu Bhagnani, and Panorama Studios. These actions took place on September 28, 2026, as part of an investigation into potential financial misconduct linked to film projects.

Sources indicate that the searches are focused on premises associated with the individuals and companies in question. The Mumbai Income Tax Department is leading the operations, underscoring the seriousness of the allegations regarding financial irregularities.

Investigators are reportedly exploring connections related to money that may have been sent outside of India as part of these film-related activities. However, the specific nature of the alleged transactions remains undisclosed.

Background on Involved Personalities

Rakul Preet Singh is notably married to Jackky Bhagnani, who is the son of prominent producer Vashu Bhagnani. The Bhagnani family has been a significant presence in the Hindi film industry through their association with Pooja Entertainment.

Panorama Studios, mentioned in the ongoing investigation, is another well-known production and distribution company within the same industry. Their involvement raises questions about broader financial practices in the film sector, particularly regarding overseas transactions.

While the Income Tax Department has initiated these searches, it has yet to disclose any specific findings or confirm if tax violations have occurred. This lack of information leaves many questions regarding the implications for the individuals and companies involved.

Pending Details and Investigative Developments

The search operations are still actively being conducted, and further details are anticipated in the upcoming days. As the investigation unfolds, industry observers and the public are keen to learn how this could affect the individuals named and their respective organisations.

Currently, the Income Tax Department has not released any statements detailing the progress of their search or their preliminary findings. The focus is firmly on determining the extent of the alleged financial discrepancies and their connection to the film projects associated with the concerned parties.

As the situation develops, the impact on Rakul Preet Singh, Vashu Bhagnani, and Panorama Studios, as well as their future projects, remains uncertain. Stakeholders in the Hindi film industry are likely monitoring the situation closely, given its potential ramifications on standards of financial practice within the sector.

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