The Income Tax Department on Monday conducted searches at 12 premises in Mumbai linked to actor Rakul Preet Singh, producer Vashu Bhagnani and Panorama Studios over alleged irregularities in film-related funds. Officials are examining whether large sums were remitted overseas in the name of film production, shooting expenses and international distribution. The searches covered offices and residences connected to Bhagnani’s Pooja Entertainment and Kumar Mangat Pathak’s Panorama Studios. Multiple teams examined account books, wire-transfer records and digital transaction logs. The department suspects large-scale tax evasion and financial irregularities. No official statement has been issued so far. Rakul is married to Vashu’s son, producer Jackky Bhagnani. The searches are the latest in a series of I-T actions targeting film industry finances. Context: The search is a fact-finding step under Section 132 of the Income-tax Act; no findings have been announced. Tax officials declined to comment while the verification of documents and records continues.