Rakul Preet, Panorama Studios on I-T radar; 12 Mumbai sites searched

The Income Tax Department is conducting searches at multiple Mumbai locations associated with actor Rakul Preet Singh, film producer Vashu Bhagnani and Panorama Studios. The operation is reportedly connected to an investigation into suspected financial irregularities involving film-related transactions and the alleged movement of funds overseas.According to a report by NDTV, officials from the Mumbai Income Tax Department are carrying out searches at 12 locations. Teams are examining financial documents, transaction records and other material as they investigate allegations that money linked to film financing may have been transferred abroad.Financial records under scrutinyThe ongoing operation involves multiple Income Tax teams checking documents and financial records at premises associated with the individuals and company named in the reports.The department is reportedly looking into overseas transactions connected with film projects, although specific details about the payments or the alleged irregularities have not been disclosed so far.