Income Tax Department carried out searches at places linked to Rakul Preet Singh and Vashu Bhagnani in Mumbai.
Entertainment desk
September 28, 2026 / 14:26 IST
Rakul Preet Singh and Vashu Bhagnan faced IT raid
The Income Tax Department carried out search operations across 12 locations linked to actress Rakul Preet Singh, her father-in-law and veteran filmmaker Vashu Bhagnani, and Panorama Studios in Mumbai on September 28, 2026.
The Mumbai Income Tax Department has reportedly launched a significant operation to target several renowned individuals and companies for tax evasion and money laundering through film activities.
According to TV9, a search operation is currently underway at around 12 places linked to actress Rakul Preet Singh, veteran filmmaker Vashu Bhagnani and ‘Panorama Studios’.
According tofor a while that a large amount of money was being sent abroad under the name of film shooting, foreign distribution and production
The investigating agencies suspect that in this process there is large-scale tax evasion and financial irregularities. In this context, various teams of the Mumbai IT department are investigating several offices and premises in Mumbai.
The Revenue Tax investigation is currently ongoing. It is expected that following the conclusion of the investigation, the department may share vital information concerning the financial discrepancies.
For the unversed, Rakul, who is married to Jackky Bhagnani, is a well-known actress who will soon be seen in Nitesh Tiwari’s Ramayana as Surpnakha. The film is one of the highly anticipated projects of the year, with Ranbir Kapoor starring as Ram, Sai Pallavi as Sita, Ravie Dubey as Lakshman and Yash as Ravana.
Vashu Bhagnani has several hit movies to his credit, including Ajay Devgn’s Drishyam franchise, under his production banner Panorama Studios. Coolie No. 1 (1995), Bade Miyan Chote Miyan (1998), Rehnaa Hai Terre Dil Mein, and Mission Raniganj are also backed under the banner.
However, Rakul, Jackky and Vashu Bhagnani are yet to respond to the raid reports.
Entertainment desk Entertainment Desk at Moneycontrol reports on the celebrities, movies that shape India’s entertainment industry. With a sharp focus on cinema, OTT, web series, and latest trends, the entertainment desk delivers verified news, and analytical stories that place entertainment within a wider economic and cultural context. Our coverage goes beyond celebrity to examine how storytelling, audiences and business decisions influence one of the country’s most influential creative industries.
first published: Sep 28, 2026 12:58 pm
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Watch
Trending news
‘My family in India are dying from drought because of you’: Student confronts Nvidia exec in viral video
- ‘I cried a lot’: Woman reveals why her parents refused to send her to Lady Shri Ram College
- Indian woman with MBBS, MSc and PhD leaves London career for farming and pottery
- Rs 45,000 for tiny room: Indian woman reveals Dubai’s shocking rent reality, internet reacts
- Virat Kohli’s chase for 101 Centuries: Can he surpass Sachin Tendulkar by 2027 World Cup?
- Exclusive – Hanuman Ansh director Vishal Chaturvedi on casting actors who believe in Neem Karoli Baba, recalls unexplained langoor incident: ‘There’s some power, some divinity on set’
- IT raids multiple locations linked to Rakul Preet Singh, Vashu Bhagnani and Panorama Studios over alleged tax evasion involving funds sent abroad: Report
- Left Zoho job, built Rs 30,000 crore ‘Freshworks’: How Girish Mathrubootham turned customer complaint into a global business
- From IIT Madras student to IIT director abroad: Meet Preeti Aghalayam, first woman to lead an IIT
- Reliance Digital brings down iPhone 17 Pro Max price in India to Rs 71,990 with Rs 9,910 flat discount, Rs 55,000 exchange and Rs 3,000 cashback
- Meta Muse AI reportedly shared user’s address and finalised Facebook Marketplace deal, leading to late-night visit
- This content creator turned 1 dragon fruit into 100 cactuses; here’s how
- 9 Japanese parenting tips to follow to raise a child who loves you for life
- Scientists found strange ‘Zombie Worms’ eating whale bones in the deep ocean, and their reproduction is even more bizarre
- Who is Khurram Daud? Meet the Pakistani pilot who could become the country’s first astronaut to fly to space
`);
}
if(res.stay_updated){
$(“.stay-updated-ajax”).html(res.stay_updated);
}
}catch(e){ console.log(e); }
});
},2000); // Reduced from 8s to 2s for better Core Web Vitals (LCP/UX)
});
