Mallika Sherawat on the red carpet on Saturday for the premiere of the Pirates of the Caribbean.

The starlet was wearing a sheer Eric Tibusch gown with her innerwear peeking out!

Also mingles with French high society

Mallika has now found herself among the movers and shakers of French high society at the Cannes film fest.

At an exclusive luncheon on the famed Palais terrace, the sexy star interacted with event hostess Baroness Rothschild and her guests Emir Kusturica, Geoffrey Rush, Faye Dunnaway and Cannes festival director Jill Jacob.

Sources say Mallika extended an invite for her film Politics of Love, Barack party to the guests including the Baroness herself.