India, July 8 -- The Enforcement Directorate (ED) on Tuesday carried out raids on properties linked to a flight charter firm in and around Kolkata as part of its investigation into allegedly suspicious transactions from the bank accounts of the All India Trinamool Congress (TMC), people familiar with the development said.

The transactions pertain to a period when the party was led by former chief minister Mamata Banerjee, officers of the financial crimes investigation agency said on condition of anonymity. Her party colleague said the allegations were politically motivated.

In the wake of a defeat at the hands of the BJP in this year's assembly elections, a section of leaders and workers led by Ritabrata Banerjee, split from the party, ...