Close Menu

    Subscribe to Updates

    Get the latest news information from worldwide businesses.

    What's Hot

    BREAKING: Gunther’s WWE Future Set For Major Twist

    July 11, 2026

    Type 2 Diabetes Increases Complications and Mortality After Hip Fracture in Older Adults: Study

    July 11, 2026

    Phia accused of ‘cookie stuffing,’ taking affiliate credit on purchases it didn’t earn

    July 11, 2026
    Facebook Instagram YouTube LinkedIn X (Twitter)
    Trending
    • BREAKING: Gunther’s WWE Future Set For Major Twist
    • Type 2 Diabetes Increases Complications and Mortality After Hip Fracture in Older Adults: Study
    • Phia accused of ‘cookie stuffing,’ taking affiliate credit on purchases it didn’t earn
    • Russia’s diesel export ban deepens global supply crunch
    • Ukraine war briefing: Zelenskyy creates ‘long-range impact’ command to strike Russian energy sector | Russia
    • Petitioner hurls papers, ‘orders’ SC to file FIR | India News
    • Illegal immigrant indicted for murder, faces death penalty in Florida
    • Bro really got deck in the face”, “Bam a real demon
    Newspublicly
    • About Us
    • Advertise & Partner with us
    • Pitch Your Story
    • Contact Us
    Facebook Instagram LinkedIn X (Twitter)
    Subscribe
    • Home
    • World News
      • Asia
      • India
      • USA
      • UK & Europe
      • Middle East
    • Economy & Business
      • Global Economy
      • Corporate & Industry
      • Finance & Markets
      • Policy & Trade
    • Technology
      • Gadgets & Devices
      • Software & Apps
      • AI & Machine Learning
      • Robotics & Automation
    • Health & Medicine
      • Fitness & Nutrition
      • Research & Innovation
      • Disease & Treatment
      • Doctors, Clinics & Patient Care
    • Travel & Tourism
    • Automobile
      • Electric & Hybrid Vehicles
      • Auto Industry Insights
    • Sports
    • More
      • Education
      • Real Estate
      • Environment & Climate
      • Space & Astronomy
      • War & Conflicts
    Newspublicly
    Home»World News»India»HC order on TMC bank a/cs may not affect ED freeze | India News
    India

    HC order on TMC bank a/cs may not affect ED freeze | India News

    AdminBy AdminJuly 11, 2026No Comments2 Mins Read0 Views
    Share
    Facebook Twitter LinkedIn Copy Link WhatsApp


    HC order on TMC bank a/cs may not affect ED freeze

    NEW DELHI: Enforcement Directorate‘s freeze on three HDFC Bank accounts, which hold Rs 440 crore of Trinamool Congress, is likely to remain in force despite a Calcutta HC order relaxing the restraint imposed by Kolkata Police on all TMC bank accounts in view of claims by the party’s breakaway faction to the money.Sources in the agency said ED was not a party to the petition on which the HC gave its judgment, and that the court was dealing with Kolkata Police’s action in restraining the two TMC factions from operating the accounts. The freeze on three of 18 TMC accounts by ED under Section 17 of PMLA was not the matter being decided by the HC.Section 17 deals with the directorate’s powers to conduct search and seizure, while Section 17(1A) empowers it to seize assets. The merit of ED’s actions is then decided by the adjudicating authority. The legal process under PMLA allows for appeal to higher judicial authority after the adjudicating authority has given its order.The remaining TMC accounts include seven with Indian Bank in Kolkata, four with SBI – two each in Delhi and Kolkata – and an account with Union Bank’s Dharmatala branch in Kolkata.ED’s freezing of accounts is based on its claim to have found evidence of Rs 160 crore allegedly laundered by some TMC members through an aviation company to purchase a plane and a helicopter.ED had claimed Wednesday its “investigation revealed that around Rs 160 crore was transferred from TMC bank accounts to Carewell Aviation India and its related entity, mostly between April 2023 to June 2026”.“Carewell Aviation routed Rs 82.9 crore to another newly incorporated related entity for purchasing an aircraft Embraer Legacy 600 and one chopper Agusta 109 Grand New and Rs 112 crore was used for making the said purchases,” it had said.In addition, it said $1.7 million was arranged as an unsecured loan from one Cayman Islands based entity to purchase the helicopter. It is probing the Cayman Island connection with the aircraft and chopper purchased using the TMC funds.Meanwhile, in Kolkata, TMC’s breakaway group led by Ritabrata Banerjee said it will challenge the HC order by filing a special leave petition before SC, and make ED a party to the case.



    Source link

    Author

    • Admin

      NewsPublicly.com is News & Articles Platform that creating SEO-focused articles on travel, lifestyle, and digital trends.

    Admin
    • Website

    NewsPublicly.com is News & Articles Platform that creating SEO-focused articles on travel, lifestyle, and digital trends.

    Related Posts

    Petitioner hurls papers, ‘orders’ SC to file FIR | India News

    July 11, 2026

    Cong demand for seat parity highlights fault line with SP | India News

    July 11, 2026

    Future conflicts may take new forms: Rajnath | India News

    July 10, 2026
    Leave A Reply Cancel Reply

    Demo
    Top Posts

    The Blue Moon rises on May 30— Where and when to see the second full moon of the month

    May 30, 202640 Views

    New SOCOM rifle allows barrel swapping and cartridge changes

    June 1, 202633 Views

    “Inside Gemini Robotics 1.5: How Robots Learn to Reason & Act

    November 22, 202525 Views

    525 pounds of cocaine seized after Nebraska K9 alerts troopers on I-80

    May 28, 202624 Views
    Don't Miss

    BREAKING: Gunther’s WWE Future Set For Major Twist

    July 11, 20262 Mins Read0 Views

    The Ring General Gunther’s future in WWE has a big twist. Sportskeeda Wrestling can now…

    Type 2 Diabetes Increases Complications and Mortality After Hip Fracture in Older Adults: Study

    July 11, 2026

    Phia accused of ‘cookie stuffing,’ taking affiliate credit on purchases it didn’t earn

    July 11, 2026

    Russia’s diesel export ban deepens global supply crunch

    July 11, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Instagram
    • YouTube
    • LinkedIn
    • WhatsApp

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    NEWSPUBLICLY
    Facebook X (Twitter) Instagram LinkedIn

    Home

    • About Us
    • Leadership
    • Advertise & Partner With Us
    • Pitch Your Story
    • Media Kit & Pricing
    • Career
    • FAQs

    Guidelines

    • Editorial & Submission
    • Partnership
    • Advertising & Sponsor
    • Intellectual Property Policy
    • Community & Comment
    • Security & Data Protection
    • Send Your Opinion

    Quick Links

    • Cookie Policy
    • Payment & Billing Terms
    • Refund & Cancellation
    • Copyright Policy
    • Complaint & Support
    • Sitemap
    • Contact Us

    Subscribe Us

    Get the latest news and updates!

    Copyright © 2026 Newspublicly (DIGITALIX COMMUNICATION). All Rights Reserved.
    • Privacy Policy
    • Terms of Use
    • Disclaimer