ED freezes TMC bank deposits worth Rs 440 crore in Kolkata
NEW DELHI: The Enforcement Directorate issued orders to freeze the All India Trinamool Congress (TMC)'s bank deposits worth Rs 440 crore in Kolkata. The order came under the Prevention of Money Laundering Act (PMLA) on Wednesday.
The action follows an ongoing money laundering probe into financial transactions linked to the TMC's bank accounts. The agency alleged that over Rs 150 crore was routed through a network of aviation, travel and allied service companies, and is examining whether funds used for chartered flights during the party's 2024 Lok Sabha campaign were layered through multiple entities to conceal their source.
The action follows an ongoing money laundering probe into financial transactions linked to the TMC's bank accounts. The agency alleged that over Rs 150 crore was routed through a network of aviation, travel and allied service companies, and is examining whether funds used for chartered flights during the party's 2024 Lok Sabha campaign were layered through multiple entities to conceal their source.
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