TMC Bank Accounts Frozen as Party Rebels Seek Financial Probe, June 20

India’s Trinamool Congress (TMC) party had three bank accounts frozen on June 19 after rebel legislators filed police complaints questioning the source of ₹440 crore in party funds. The freeze prevents withdrawals but allows deposits. The action marks an escalation in a bitter internal fight for control of the party following its recent election loss in West Bengal.

How the Accounts Were Frozen

Ten rebel MLAs aligned with opposition leader Ritabrata Banerjee approached the Bidhannagar Police Commissionerate with complaints about TMC’s financial accounts. The rebels alleged that ongoing uncertainty over party leadership could expose the accounts to misuse. A private bank then placed a debit freeze on three accounts, blocking outward transactions while allowing credits to continue.

The Rebel Allegations Against TMC

In their police complaints, the rebel MLAs questioned whether the ₹440 crore came from lawful sources or illegal activities including suspected cut-money collections, diversion of public funds, and proceeds of scams. They urged investigators to examine all transactions carried out through the accounts. The rebels sought clarity on who holds legal authority over the party’s finances during the leadership dispute.

Internal Power Struggle Intensifies

The financial freeze follows a deeper split in the TMC after the party’s defeat in 2026 assembly elections. Former state minister Aroop Biswas, who served as party treasurer until recently, wrote to the bank requesting a halt to all transactions to safeguard party funds. However, loyalist MLA Kunal Ghosh said Biswas no longer holds the treasurer post and lacks authority to speak on financial matters. The executive committee appointed Subhasish Chakraborty as treasurer on June 5.

Broader Political Fallout

The party crisis extends beyond finances. Senior leader Abhishek Banerjee submitted 20 petitions to Lok Sabha Speaker Om Birla seeking disqualification of rebel MPs who sought to merge with the Nationalist Citizens Party of India. On June 18, the Calcutta High Court recognized Ritabrata Banerjee as Leader of the Opposition, rejecting the ruling camp’s efforts to install a loyalist in the post.

Final Thoughts

The TMC’s frozen accounts signal a party in crisis, with rival factions battling for control of both leadership and finances. The ₹440 crore freeze demonstrates how internal disputes now threaten the party’s operational capacity.

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