Overview
The ED has decided to forward its investigation report to the CBI. The case concerns the routing of foreign money into India through U.S. debit cards linked to the Christian missionary group The Timothy Initiative (TTI). The funds were allegedly used in violation of the FEMA and the FCRA. Some of the money reached LWE-affected areas, prompting a possible charge under the UAPA.
Key Developments
- ED seized ₹37 lakh in cash, 24 foreign debit cards and digital devices during raids in April 2026.
- Two FIRs were lodged: Dhamtari (Chhattisgarh) on 11 May 2026 and Bengaluru (Karnataka) on 11 June 2026.
- The STR from FIU‑India flagged the use of Truist Bank debit cards to bypass Indian banking channels.
- Repeated ATM withdrawals of ₹70,000‑80,000 were made every 2‑3 days across multiple states.
- Approximately ₹92.55 crore was spent between November 2025 and April 2026, with ₹44 crore withdrawn via ATMs and ₹6.34 crore in LWE‑hit districts of Chhattisgarh.
- Key suspects identified include Jonathan S. Rajan (operations head), Micah Mark (financial operative), and Ajit Verghese Mathai (India finance head).
- TTI’s online portal became inaccessible for Indian users and its cloud data were deleted, alleged to be