The Income Tax Department is carrying out search operations at multiple locations in Mumbai linked to actress Rakul Preet Singh, filmmaker Vashu Bhagnani and Panorama Studios, according to reports on September 28, 2026. The searches reportedly cover 12 locations and are part of an ongoing investigation into suspected financial irregularities connected to the entertainment industry.
According to reports, tax officials are examining financial records and transactions as part of the probe. Investigators are reportedly looking into allegations involving funds that may have been routed overseas in connection with film production, distribution and other entertainment-related activities. At this stage, these remain allegations under investigation and there has been no reported final finding establishing tax evasion by the individuals or companies named.
The operation has reportedly included properties and business premises associated with the people and companies under scrutiny. Officials are said to be examining documents, account records and digital financial information that could help establish the nature of the transactions being reviewed. The searches are part of an active process, meaning the exact scope and findings of the investigation could become clearer only after the authorities complete their examination.
Rakul Preet Singh has been linked to the searches through her association with the Bhagnani family, while veteran filmmaker Vashu Bhagnani and Panorama Studios have also been named in reports about the operation. Panorama Studios International is a Mumbai-based listed media and entertainment company involved in film and digital content production and related activities.
The reported searches come amid continued scrutiny of financial transactions within the entertainment business, particularly those involving film production, overseas distribution and international payments. However, a search operation itself should not be interpreted as proof of criminal or tax wrongdoing. Any conclusions about liability would depend on the evidence gathered by the Income Tax Department and subsequent proceedings, if any.
For now, the Mumbai Income Tax searches involving Rakul Preet Singh, Vashu Bhagnani and Panorama Studios remain an unfolding story. Officials are continuing to examine records, while no final conclusions or confirmed charges have been publicly established in the reports currently available. Further developments are expected as the investigation progresses.