Sources at the income tax department said that the Bollywood actresses’ homes were raided around 7:30 a.m. local time for “suspected tax evasion”, on the grounds of “strong evidence”.
The raids are expected to continue through the day. Both actresses’ managers are also expected to be questioned regard the actresses’ income tax returns.
Last year, similar raids were carried out at Salman Khan’s brother, Arbaaz Khan’s residence, where an unreported INR 15 crore was recovered in cash.
Priyanka and Katrina are two of the highest earning actresses in Bollywood presently; in addition to movies, both also rake in huge amounts of money from event performances and product endorsements.
More details will be released later in the day, when the raids have concluded.