ED’s big grip on TMC! ₹440 crore deposited in bank accounts frozen, money laundering investigation intensified

Kolkata. Taking major action in the suspicious funds case related to Trinamool Congress (TMC), the Enforcement Directorate (ED) has frozen the bank accounts of the party. During the ongoing investigation under the Prevention of Money Laundering Act (PMLA), the central agency has frozen the accounts of Kolkata-based TMC in which around Rs 440 crore is said to be deposited.

After police action, ED took over the investigation-
According to the information, earlier the local police had imposed ‘debit freeze’ on three major bank accounts of TMC. Under this, any kind of withdrawal and transaction from the accounts was banned. This action was taken after a complaint by a group of rebel MLAs of the party.

Complaint of rebel MLAs became the basis of investigation-
According to sources, the group making the complaint is headed by Ritabrata Banerjee. In the complaint, questions were raised regarding the use of party funds and financial irregularities. On this basis, first the police took action and now ED has taken over the investigation of the case and started investigating the aspects of money laundering.

The scope of investigation increased-
ED is now investigating the source of funds, transactions of funds and other financial records related to it. The agency is trying to find out how the funds deposited in the accounts were used and whether there was any violation of money laundering rules.