I-T Department Searches VFX Major Prime Focus, Auditor & Associates Over Suspected Foreign Remittance Irregularities
Mumbai, October 7, 2026: Nitesh Tiwari’s much-anticipated cinematic epic Ramayana is in the spotlight even before its release, but for a different reason. The Income Tax (I-T) Department conducted search operations at the Prime Focus office headquartered in Mumbai. The company is popular for its visual effects and post-production services for Indian and international films. Besides the company,…
Mumbai, October 7, 2026 - The Income Tax Department conducted search operations at Prime Focus, a leading visual effects and post-production company, as well as its statutory auditor, MSKA & Associates LLP. The investigation is focused on suspected irregularities in foreign remittance transactions. Prime Focus, known for its work on films like Ramayana and Kalki 2898 AD, confirmed it was cooperating fully with the tax authorities.
The company's stock price dropped as a result of the search, but the firm stated that its business operations remained unaffected. The investigation is part of a broader probe into alleged tax evasion, financial irregularities, and suspected overseas fund transfers.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
