ED Freezes TMC's Bank Deposits Worth Rs 440 Crore Under PMLA
The agency said the accounts held Rs 440.42 crore and were linked to transfers to a charter company and related aircraft purchases.
- On Wednesday, July 8, 2026, the Enforcement Directorate froze three bank accounts of the All India Trinamool Congress holding Rs 440 crore under the Prevention of Money Laundering Act following searches in an alleged funds misappropriation case.
- Following an FIR filed by Kolkata police after TMC rebel MLAs sought a probe into party finances, the agency acted amid a bitter internal battle after the party was ousted from power in West Bengal by the BJP.
- Preliminary investigations found Rs 160 crore was transferred to Carewell Aviation India Pvt, with Rs 112 crore used for an Embraer Legacy 600 and AgustaWestland 109SP aircraft, assets the ED alleged were "rented" to the TMC.
- Adjourning until Thursday, July 9, 2026, the Calcutta High Court heard a petition from the Mamata Banerjee-led faction and directed the private bank to disclose the corpus held in the frozen accounts.
- Investigators are examining a $1.7 million "unsecured" loan from a Cayman Islands-based entity used for helicopter purchase, with the ED describing the arrangement as "dubious" while probing the actual beneficial purpose of the transactions.
24 Articles
24 Articles
ED freezes TMC's Rs 440-crore bank accounts; party cries political vendetta
The Enforcement Directorate froze three Trinamool Congress bank accounts as part of its Carewell-linked money laundering probe. The party rejected the move as illegal and politically motivated, while the agency said its investigation is continuing.
ED freezes TMC’s Rs 440-cr worth bank deposits under PMLA
According to the ED, its probe has revealed that around Rs 160 crore was transferred from AITC bank accounts to M/s Carewell Aviation India Pvt. Ltd. and its related entity, mostly between April 2023 and June 2026.
ED Freezes Rs 440.42-cr Lying in 3 HDFC Bank Accounts of TMC
Get latest articles and stories on India at LatestLY. The Enforcement Directorate (ED) has frozen Rs 440.42 crore lying in three HDFC bank accounts of All India Trinamool Congress (AITC) or TMC in connection with its probe in the matter of alleged dishonest financial dealings, unlawful collection of money, and routing of suspected funds through certain bank accounts of the party, the agency said on Wednesday. India News | ED Freezes Rs 440.42-cr…
The investigation has so far revealed that between April 2023 and June 2026, approximately Rs 160 crore was transferred from TMC's bank accounts to Carewell Aviation India Private Limited and another company associated with it.
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