Home / Arts and Entertainment / IT Raids Rakul Preet, Vashu Bhagnani Over Fund Irregularities
IT Raids Rakul Preet, Vashu Bhagnani Over Fund Irregularities
28 Sep
Summary
- Income Tax Department is searching multiple locations linked to Rakul Preet Singh.
- Vashu Bhagnani and Panorama Studios are also reportedly under IT investigation.
- Suspicions involve routing funds abroad disguised as film project financing.
The Income Tax Department initiated searches across 12 locations in Mumbai, targeting entities linked to prominent figures in the film industry. Among those under scrutiny are Bollywood actor Rakul Preet Singh, producer Vashu Bhagnani, and Panorama Studios.
Investigators suspect irregularities in fund management, with a focus on allegations that funds are being moved abroad. This alleged diversion is reportedly being masked as legitimate financing for film projects.
Multiple teams from the Income Tax Department are actively engaged in verifying documents and financial records. The investigation aims to uncover details regarding the alleged overseas transactions and financial impropriety.
This development follows a separate drug-related case from December 2025, in which Rakul Preet Singh's brother, Aman Preet Singh, was sought by Mumbai Police. He was suspected of purchasing drugs from two businessmen arrested for alleged drug peddling.
