ED Cracks Down on Foreign Debit Card Misuse in Naxal Areas
The Enforcement Directorate is investigating foreign debit card misuse by a global Christian mission allegedly withdrawing crores in Naxal regions. Incriminating evidence, 25 foreign debit cards, and notable cash were seized in a raid under the FEMA case. Possible organized network involvement threatens India's financial integrity.
- Country:
- India
The Enforcement Directorate (ED) has launched an investigation into the alleged misuse of foreign debit cards by a global Christian mission, which used them to withdraw substantial funds in areas affected by Naxal violence in India.
The ED conducted raids across multiple states on April 18-19, uncovering 25 foreign debit cards, Rs 40 lakh in cash, and various incriminating digital devices and documents. This investigation, under the Foreign Exchange Management Act (FEMA), concerns activities linked to The Timothy Initiative in India.
The withdrawals, particularly in Left Wing Extremism-affected regions, have raised concerns of a parallel economy risking national security and financial integrity. A suspect named Micah Mark was intercepted carrying numerous foreign debit cards, suggesting organized involvement. The agency continues to probe the situation as it anticipates further developments.
(With inputs from agencies.)
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