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ED Freezes Rs 440 Crore in TMC Bank Accounts Over Money Laundering Probe
Times of India·Thursday, 9 July 2026
The Enforcement Directorate has frozen three TMC bank accounts holding Rs 440 crore as part of a money laundering investigation. The probe is linked to an alleged Rs 160 crore laundering case where funds were reportedly used to buy an aircraft and a helicopter. Those assets were then rented back to the TMC for party use.
Why It Matters
This is one of the biggest financial actions against a ruling state party and directly affects how political funding and accountability work in India.
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