India, Sept. 28 -- The Income Tax Department on Monday launched searches at 12 locations in Mumbai linked to actor Rakul Preet Singh, her father-in-law and film producer Vashu Bhagnani, and Panorama Studios, amid a probe into suspected financial irregularities.

Multiple teams from the Mumbai Income Tax Department are examining documents, financial records and transaction details as part of the ongoing operation.

Alleged overseas fund transfers under scanner

The searches are reportedly focused on allegations that funds linked to film projects may have been routed overseas under the guise of film financing, production expenses and other related transactions.

The exact nature and value of the transactions being investigated have not been...