Politics
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ED freeze on TMC accounts likely unaffected by HC order
Times of India··11 Jul
The Enforcement Directorate's freeze on three HDFC Bank accounts holding Rs 440 crore of Trinamool Congress funds is likely to remain despite a Calcutta High Court order easing Kolkata Police restraints, Times of India reported. Sources said ED was not a party to that petition. The agency alleges Rs 160 crore was routed through an aviation firm.
Prism
What It Means For You
- TMC's access to large party funds remains restricted by ED action.
- High Court relief on police freezes may not unlock PMLA seizures.
- Party faction fights can collide with money-laundering investigations.
What's Happening
- ED freeze covers three HDFC accounts with Rs 440 crore.
- Calcutta HC eased police restraints on TMC accounts.
- ED says it was not a party to that High Court case.
Funds Probe
- ED alleges aviation-linked laundering of about Rs 160 crore.
- Eighteen TMC accounts across banks are in the wider picture.
- A breakaway group led by Ritabrata Banerjee plans an SC challenge.
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