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

The Enforcement Directorate (ED) has conducted searches in connection with the suspected withdrawal and use of funds through foreign bank debit cards, allegedly bypassing regulatory channels, in a probe linked to ‘The Timothy Initiative (TTI)’ and associated persons. The agency said around ₹95 crore of inflow via such cards has been reported over the past several months.

Under the Foreign Exchange Management Act (FEMA), the searches were carried out on April 18 and 19 at six locations in Assam, Chhattisgarh and other places. “…approximately ₹95 crore was channelled into India by using foreign bank-issued cards during the period from November 2025 to April 2026,” the agency said.