The Calcutta High Court on Monday refused interim permission to the Mamata Banerjee faction of the Trinamool Congress to operate three of the party's bank accounts that were frozen by the Enforcement Directorate. According to reports from Business Standard, Justice Krishna Rao had on July 13 reserved the interim order after arguments by the parties were concluded in the matter, and delivered the decision on Monday, declining to grant the relief sought by the TMC faction. The three bank accounts, with combined balances amounting to ₹440.42 crore, were frozen by the ED in connection with its investigation based on an FIR lodged by the state police over alleged dishonest financial dealings, unlawful collection of money, and routing of suspected funds through certain bank accounts of the party.
The Enforcement Directorate froze three bank accounts of the Trinamool Congress with balances amounting to ₹440.42 crore in connection with its probe based on an FIR lodged by the state police. As reported by Business Standard, the ED's preliminary investigation found that about ₹160 crore was transferred from the TMC's bank accounts to Carewell Aviation India Pvt. Ltd. and its related entity between April 2023 and June 2026. The agency has alleged that the company subsequently routed ₹82.96 crore between 2023 and 2026 to another newly incorporated entity, with officials stating that a 'significant' amount was transferred to this entity.
The investigation revealed that the company allegedly routed ₹82.96 crore between 2023 and 2026 to another newly incorporated entity, with officials stating that a 'significant' amount was transferred to this entity. According to Business Standard reports, out of this amount, ₹112 crore was used for purchasing an Embraer Legacy 600 business jet and an AgustaWestland 109SP helicopter. The ED's probe is based on alleged dishonest financial dealings, unlawful collection of money, and routing of suspected funds through certain bank accounts of the party.
The ED's probe is based on alleged dishonest financial dealings, unlawful collection of money, and routing of suspected funds through certain bank accounts of the party. As reported by Business Standard, the case involves the state police FIR and focuses on the alleged financial irregularities and fund transfers within the Trinamool Congress framework. The investigation centers on the alleged money-laundering activities and the routing of suspected funds through various entities connected to the party.
