ED probes suspected TTI-linked funds routed through foreign bank debit cards

The Enforcement Directorate (ED) has conducted searches successful transportation with the suspected withdrawal and usage of funds done overseas slope debit cards, allegedly bypassing regulatory channels, successful a probe linked to ‘The Timothy Initiative (TTI)’ and associated persons. The bureau said astir ₹95 crore of inflow via specified cards has been reported implicit the past respective months.

Under the Foreign Exchange Management Act (FEMA), the searches were carried retired connected April 18 and 19 astatine six locations successful Assam, Chhattisgarh and different places. “...approximately ₹95 crore was channelled into India by utilizing overseas bank-issued cards during the play from November 2025 to April 2026,” the bureau said.