ED uncovers ₹95 crore illegal funding network, probes Maoist, conversion links
The Enforcement Directorate has uncovered a large foreign funding network allegedly routing money into India through illegal cash withdrawals, raising concerns over links to Maoist-affected regions and possible religious conversion activities.
The investigation centres around “The Timothy Initiative (TTI)” and points to a sophisticated system designed to bypass India’s financial regulations using foreign-issued debit cards.
Nationwide raids reveal complex cash network
Acting on intelligence inputs, the ED conducted coordinated searches across six locations in multiple states. During the raids, officials seized 25 foreign debit cards—mostly linked to a US-based bank—along with ₹40 lakh in cash, digital devices, and key documents.
Investigators estimate that nearly ₹95 crore was funnelled into India between November 2025 and April 2026 using this method.
Funds traced to Maoist-affected regions
A significant portion of the withdrawals has reportedly been traced to Left Wing Extremism (LWE)-affected areas, particularly Bastar in Chhattisgarh, where over ₹6.5 crore was withdrawn in recent years.
Officials say the pattern suggests the existence of a “parallel cash economy” operating outside regulatory oversight.
FCRA violations, conversion angle under scrutiny
Sources indicate that the funds were allegedly used to finance activities of TTI India, which is not registered under the Foreign Contribution (Regulation) Act (FCRA). Investigators are examining whether the money was used to influence vulnerable populations, including for religious conversion activities.
Key suspect intercepted
In a major development, a key accused, Micah Mark, was intercepted at Bengaluru airport under a lookout circular while allegedly carrying foreign debit cards into India. Officials believe he may be a crucial link between overseas operators and local networks.
Political reactions intensify
The case has sparked political reactions, with Anurag Agarwal targeting the Congress.
“The same agency whose credibility Congress keeps questioning has now exposed a major nexus. The ED has opened a network of illegal conversions funded through foreign money. Congress has repeatedly tried to shield such activities by undermining investigative agencies,” he said.
Digital tracking system uncovered
Investigators have also found that an online accounting platform, allegedly operated from overseas, was being used to track ATM withdrawals and monitor fund utilisation, indicating a highly organised operation.
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