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Dubai: The Income Tax Department’s reported searches at locations linked to actor Rakul Preet Singh, producer Vashu Bhagnani and Panorama Studios have raised questions over alleged financial irregularities in film-related transactions. However, several details about the ongoing inquiry remain unclear.
The searches were reportedly carried out on September 28 at 12 locations in Mumbai by teams from the Income Tax Department. Investigators are said to be examining documents, financial records and details of alleged overseas transactions linked to film financing.
Income Tax raids continue for the second consecutive day at the Bandra Pali Hill residences of Rakul Preet Singh, Jackky Bhagnani and Vashu Bhagnani. https://t.co/B7CIsA7uqq
— Preeti Sompura (@sompura_preeti) September 29, 2026
Reports have suggested that authorities are looking into whether funds were routed outside India under the guise of financing film projects.
The Income Tax Department has not publicly disclosed detailed findings from the searches or confirmed that any tax violation has been established.
What is Rakul Preet Singh’s connection?
Rakul Preet Singh is married to actor-producer Jackky Bhagnani, the son of Vashu Bhagnani. The Bhagnani family is associated with Pooja Entertainment.
Reports have identified premises connected to Rakul and Vashu Bhagnani among those searched. However, the precise nature of Rakul’s involvement in the transactions under examination has not been publicly detailed by the Income Tax Department.
There has also been no public statement from Rakul regarding the reported searches.
Vashu Bhagnani hospitalised in London
The latest development is the reported hospitalisation of veteran producer Vashu Bhagnani in London.
According to reports citing news agency ANI, Bhagnani has been admitted to a London hospital. The reason for his hospitalisation has not been disclosed, and details about his condition or how long he is expected to remain in hospital are not known.
When contacted by ANI, Bhagnani reportedly asked to be left alone.
His hospitalisation was reported shortly after the Income Tax searches. However, there is no official information establishing a connection between the searches and his hospitalisation.
What happens next?
The Income Tax inquiry is understood to be ongoing. Investigators are expected to examine the documents and financial records collected during the searches before determining whether any tax or financial violations took place.
At this stage, the reported searches do not, by themselves, establish wrongdoing by Rakul Preet Singh, Vashu Bhagnani, or any other individual or company named in the reports.
Further details are expected once authorities disclose more information about the investigation and its findings.
With inputs from Agencies
