Kolkata, July 9 -- The Directorate of Enforcement (ED) has frozen balances amounting to Rs 440.42 crore lying in three accounts of the All India Trinamool Congress (AITC) in a private bank as part of an ongoing money laundering investigation into alleged financial transactions involving the Carewell Group of companies operating in the aviation sector.
The action followed search operations conducted at five premises in and around Kolkata under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
The searches covered offices and other premises linked to the Carewell Group as the agency probed alleged financial irregularities involving funds routed through AITC bank accounts.
According to the ED, the investigation was init...