Explained: Funds freeze for Mamata-led TMC faction, over allegations of misappropriation
The Calcutta High Court appointed a special officer to manage expenses for the Mamata Banerjee-led Trinamool Congress (TMC) after the Bidhannagar police froze three bank accounts holding ₹440 crore due to allegations of misappropriation. The accounts were frozen following a complaint from a rebel faction within the party, which claimed they contained proceeds of crime. The Enforcement Directorate also conducted raids in Kolkata related to these allegations earlier this week.