Times of India·4 min read·medium

Supreme Court refuses to de-freeze TMC accounts, says let Calcutta high court decide

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Supreme Court refuses to de-freeze TMC accounts, says let Calcutta high court decide
✦AI Summary

The Supreme Court of India has declined to unfreeze bank accounts belonging to the TMC political party, directing the matter to the Calcutta High Court. The accounts were frozen following allegations of fraudulent land sales involving party-linked individuals.

Why it matters

The case highlights ongoing legal and political tensions regarding party funding and the use of state investigative powers in India.

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NEW DELHI: The Supreme Court on Thursday rejected a petition by Mamata Banerjee-headed TMC faction seeking de-freezing of its three bank accounts on grounds that the party required funds to carry out political activities, such as holding rallies and meetings.Challenging Calcutta HC's order allowing only meeting of day-to-day expenses of the party from these accounts, senior advocate A M Singhvi said the party's three Indian Bank accounts, which have been given a clean chit by the Enforcement Directorate (ED) in a separate proceeding, should be allowed to be operated by the party.Solicitor general Tushar Mehta, appearing for West Bengal govt, told a bench of Justices M M Sundresh and P B Varale that the accounts in question are frozen based on the FIR lodged by the state police, as there is evidence that Rs 35 crore, generated from the fraudulent sale of government land after it was misrepresented as private…

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