The Enforcement Directorate (ED) has raided five locations across Kolkata to investigate the financial transactions in the Trinamool Congress party accounts and the funds behind the party leadership's chartered flight expenses. The raids were conducted on the premises of Carewell Aviation India Pvt. Ltd., a company that had received around ₹160 crore from Trinamool party accounts between April 2023 and June 2026. According to sources, Carewell Aviation Pvt. Ltd. further routed ₹82.96 crore (2023–2026) to another newly incorporated related entity. During the raids, the ED officials have also recovered evidence that showed around ₹112 crore was used to purchase an Aircraft Embrarer Legacy 600 and one chopper, an Augusta 109 SP. Sources revealed that foreign funding may have been used to purchase some of these assets. The sources of the funds in the bank accounts and where the funds were then utilized are both being investigated. Earlier in mid-June, three bank accounts linked to the Trinamool were frozen by local police after the party's defected MPs and MLAs complained to the authorities. Funds to the tune of ₹440 crore are parked in these accounts, sources said. Former treasurer of the party Aroop Biswas wrote to the bank, flagging the split in the party’s Parliamentary and Legislative wings, and demanded a halt to all financial transactions in its account. The bank then further informed the Bidhannagar police about the decision to “debit freeze” these three accounts. The ED raids are being seen as a major setback for the Trinamool Congress, as they are being conducted to investigate the party's financial transactions. It will be interesting to see what the outcome of this investigation is. The ED's action is being seen as a significant step towards investigating the financial transactions of political parties. The Trinamool Congress has been facing allegations of financial irregularities, and this raid is likely to add to the party's woes. The party's leadership has been under scrutiny for their financial dealings, and this investigation is likely to put more pressure on them. The ED's action is also being seen as a part of the larger crackdown on corruption and money laundering in the country. The agency has been conducting raids and investigations across the country to uncover instances of financial irregularities and corruption. The Trinamool Congress is not the only party to be facing allegations of financial irregularities, and the ED's action is likely to send a message to other parties as well. The investigation is ongoing, and it will be interesting to see what the outcome is.