ED freezes TMC's ₹440-cr worth bank deposits under PMLA
The Enforcement Directorate has frozen ₹440 crore in bank deposits belonging to the Trinamool Congress under the Prevention of Money Laundering Act. The action follows an investigation into alleged financial misappropriation and suspicious fund transfers to a private aviation company.
Why it matters
This represents a significant legal and financial challenge for a major political party, highlighting ongoing scrutiny of political funding and anti-money laundering enforcement.
The Enforcement Directorate (ED) on Wednesday (July 8, 2026) said it has frozen three bank accounts of the Trinamool Congress (TMC) , holding deposits worth ₹440 crore, under the anti-money laundering law following searches in an alleged funds misappropriation case.
The report relies on official statements from the ED and court proceedings, maintaining a neutral tone despite the politically sensitive subject matter.
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