The Enforcement Directorate (ED) conducted searches related to the suspicious withdrawal and use of funds through foreign bank debit cards, allegedly bypassing regulatory channels, in an investigation linked to “The Timothy Initiative (TTI)” and associated persons. The agency said that around ₹95 crore has been reported through such cards in the last few months.
Under the Foreign Exchange Management Act (FEMA), searches were conducted on April 18 and 19 at six locations in Assam, Chhattisgarh and other locations. “…approximately ₹95 crore was routed to India using cards issued by foreign banks between November 2025 and April 2026,” the agency said.
Published – 24 Apr 2026 21:55 IST
