The Enforcement Directorate (ED) has frozen three bank accounts of the Trinamool Congress (TMC), holding deposits worth Rs 440 crore, under the Prevention of Money Laundering Act.The party accused the agency of politically motivated action, claiming the move targets its leadership.

Investigations linked to the Carewell Group aviation company revealed alleged financial irregularities, including unauthorized fund transfers from TMC accounts to related entities between April 2023 and June 2026.These funds were allegedly used to purchase aircraft and helicopters, with a Cayman Islands-based company providing an unsecured loan of $1.7 million.The ED alleges the party leased these assets back, creating a cycle of financial exploitation.TMC condemned the move as an attack on democratic institutions, emphasizing full transparency in its financial disclosures.

The BJP’s recent assumption of power in West Bengal has intensified political tensions, with the TMC accusing the ruling party of weaponizing investigative agencies against opposition groups.