ED freezes TMC's bank deposits worth Rs 440 crore under PMLA

Kolkata/New Delhi | The Enforcement Directorate has issued orders to freeze the TMC's bank deposits worth Rs 440 crore under the anti-money laundering law, following searches in a funds misappropriation case, officials said on Wednesday.

There was no immediate response from the Trinamool Congress.

The orders were issued under Section 17 (1-A) of the Prevention of Money Laundering Act (PMLA).

The amount of Rs 440.42 crore is held in three private bank accounts of the All India Trinamool Congress, the officials said.

Five premises in Kolkata were raided on Tuesday, including those belonging to the Carewell Group of Companies, which also operates a private jet and charter hiring entity named Carewell Aviation.

A response from the Kolkata-based non-scheduled aircraft operator to a PTI query was awaited at the time of filing this story.