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The Hindu·4 min read·hard

ED to share findings with CBI on TTI-linked ‘foreign fund routing’ through U.S. debit cards

T
The Hindu Bureau
ED to share findings with CBI on TTI-linked ‘foreign fund routing’ through U.S. debit cards
✦AI Summary

The Enforcement Directorate is sharing findings with the CBI regarding the alleged illegal routing of foreign funds into India via U.S.-based debit cards. The investigation involves over ₹92 crore linked to The Timothy Initiative.

Why it matters

This case underscores concerns regarding foreign funding regulations and the potential misuse of international banking channels for domestic financial irregularities.

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The Enforcement Directorate (ED) has decided to share its findings with the Central Bureau of Investigation (CBI) for further legal action in the case of routing foreign funds into India, including in Left Wing Extremism (LWE)-affected areas, through foreign debit cards allegedly linked to U.S.-based The Timothy Initiative (TTI), according to agency officials.

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Confidence: 85%

The report relies on official agency statements and investigative findings regarding financial regulations.

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