ED conducted search operations at 5 premises belonging to Carewell group of companies in the matter of alleged dishonest financial dealings, unlawful collection of money, and routing of suspected funds through certain bank accounts of All India Trinamool Congress (AITC).
FinTech BizNews Service
Mumbai, July 8, 2026: Directorate of Enforcement (ED), Kolkata Zonal Office has conducted search operations at 5 premises in and around Kolkata under the provisions of PMLA, 2002 belonging to Carewell group of companies operating in the aviation sector. During searches balances amounting to Rs 440.42 Crore lying in 3 HDFC bank accounts of AITC have been frozen under section 17 (1-A) of PMLA, 2002.
Searches were conducted in connection with an investigation under PMLA, 2002 based on an FIR lodged by the Cyber Police, Bidhannagar, West Bengal in the matter of alleged dishonest financial dealings, unlawful collection of money, and routing of suspected funds through certain bank accounts of All India Trinamool Congress (AITC).
Investigation revealed that around Rs. 160 Crore (approx.) was transferred from AITC bank accounts to M/s Carewell Aviation India Pvt. Ltd. and its related entity, mostly between April 2023 to June 2026. It is further revealed that M/s Carewell Aviation Pvt. Ltd routed an amount of Rs. 82.96 Crore during 2023–2026 to another newly incorporated related entity for purchasing an Aircraft Embrarer Legacy 600 and one chopper Augusta 109 Grand New. An amount of Rs. 112 Crore was used for making the said purchases.
It is also revealed that an amount of USD 1.7 Million was arranged as unsecured loan in the year 2023 from one Cayman Islands based entity to purchase the said helicopter. These Embraer Legacy 600 aircraft and Agusta helicopter were subsequently rented out to AITC itself, even though they were purchased from the corpus of AITC. Thereafter, substantial amounts were transferred on the pretext of aircraft usage. The above stated dubious arrangement is under investigation to ascertain the actual beneficial purpose of the transactions. Further investigation is under progress.
