Actress Rakul Preet Singh has issued a strong denial regarding her alleged involvement in Income Tax Department searches and suspected financial irregularities. Breaking her silence, Singh vehemently refuted claims of illegal foreign remittances and holding benami property, asserting her clean financial record and law-abiding citizenship.
Rakul Preet Singh Addresses Media Reports and IT Probe Following widespread reports, Rakul Preet Singh clarified her position on the ongoing Income Tax investigations in Mumbai. She expressed dismay at what she described as unverified and sensationalized media coverage.
• Categorical Denial: "The search was not pertaining to me," Rakul stated, emphasizing that she comes from an Armed Forces background and entered the film industry without a godfather.
• Financial Integrity: She highlighted her consistent tax compliance, affirming, “I have been paying my due taxes since the age of 20 and I am a responsible, law-abiding citizen."
• No Illegal Remittances: Rakul explicitly denied any involvement in “any kind of illegal foreign remittance in personal capacity or on behalf of any Production house.”
Refuting Benami Property Allegations Addressing further speculation, Rakul Preet Singh firmly denied holding any undisclosed assets. She declared, “I do not hold any Benami property on behalf of anyone anywhere in the country or abroad.” The actress also made it clear that she has never received property as a gift and does not accept expensive gifts as a matter of principle.
Call for Media Accountability Concluding her statement, Rakul urged publications and individuals who had published what she termed as "false, malicious and speculative reports" to retract them and clarify the facts. She acknowledged the commercial pressures faced by media organizations but stressed that these should not come at the expense of accuracy or an individual's reputation and livelihood.
Background of the Income Tax Searches The Income Tax Department searches, which took place on September 28, reportedly involved around 12 locations linked to Rakul Preet Singh, producer Vashu Bhagnani, and Panorama Studios. These searches are part of an ongoing investigation into suspected financial irregularities within the film industry, with a focus on film financing and overseas transactions. The probe is reportedly examining substantial funds allegedly remitted overseas under the heads of shooting expenses, production costs, and overseas distribution. It is crucial to remember that a search by an investigative agency does not by itself establish wrongdoing, and the investigation remains ongoing with no formal findings or charges publicly announced by authorities.
