The high court had refused interim relief to the Banerjee-led faction to operate three party bank accounts frozen by the ED. Raju opposed the submissions and said the investigation was underway and there was money laundering from those accounts. The anti-money laundering Act "is not only for actual money laundering but for prevention of money laundering. When Raju said there was "continuous offence", Sibal countered the submissions and said how can the law officer make such an argument when the bank accounts were frozen. The Banerjee-led faction of the TMC had moved the high court challenging the initiation of ECIR (Enforcement Case Information Report), an equivalent of an FIR, proceedings by the ED.