New Delhi, April 24 -- The Enforcement Directorate (ED) on Friday said it recently conducted search operations on April 18 and 19 at six locations across multiple states in connection with suspected withdrawal and utilisation of funds using foreign bank debit cards, bypassing regulatory channels.
The investigation pertains to activities associated with a movement known as "The Timothy Initiative (TTI)" in India and individuals connected with it.
The probe revealed that foreign bank debit cards linked to Truist Bank, USA, were brought into India and used for repeated cash withdrawals from ATMs across several states.
The withdrawn cash was subsequently used to meet expenses related to TTI's activities in India, an organisation that is not ...