Trinamool Bank Accounts Frozen In Rs 440 Crore Money Laundering Investigation
Trinamool-linked accounts frozen amid Rs 440 crore probe.
The Enforcement Directorate (ED) has frozen three bank accounts of the Trinamool Congress containing deposits of Rs 440.42 crore as part of a money laundering investigation, the agency said. The action follows a probe into alleged suspicious financial transactions involving party funds and companies linked to the aviation sector.
According to the ED, the frozen accounts are held with HDFC Bank and contain a combined balance of Rs 440.42 crore. The agency alleged that large-scale questionable transactions were carried out through these accounts and said the matter is being investigated under the provisions of the anti-money laundering law. The Trinamool Congress has not issued an immediate response to the allegations.
The agency recently conducted searches at five locations in Delhi-NCR in connection with the case. The premises were reportedly linked to the Carewell Group of Companies, which operates in the aviation sector. The ED said its preliminary investigation has revealed financial transactions between the Trinamool Congress and Carewell Aviation India Private Limited, along with another associated company.
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The ED alleged that around Rs 160 crore was transferred from Trinamool accounts to Carewell-linked entities between April 2023 and June 2026. The agency further claimed that Carewell Aviation later transferred approximately Rs 82.96 crore to the accounts of a newly formed related company, raising questions over the movement and purpose of the funds.
During the investigation, the agency said it found that a significant portion of the money was allegedly used for the purchase of an Embraer Legacy 600 aircraft and an Agusta 109 SP helicopter. According to the ED, around Rs 112 crore was spent on acquiring the two aircraft, with some foreign funding also reportedly involved in the helicopter purchase.
The Enforcement Directorate is now examining the source of the funds, possible violations related to foreign contributions, and transactions between the companies involved. The agency said further action will depend on the findings of the ongoing investigation into the alleged financial irregularities.
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