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CBI Books Seven Over Alleged FCRA Fund Violations
India’s Central Bureau of Investigation has opened a case against seven accused people and an organization called The Timothy Initiative.
The case concerns money that allegedly came from outside India.
Investigators say about Rs 92.55 crore was withdrawn using foreign bank cards.
They allege that the money was taken from ATMs in different parts of India.
One person was reportedly found with 24 foreign debit cards at Bengaluru airport.
The cards were allegedly printed in another person’s name to hide who used them.
Investigators also say more than 1,000 similar cards were distributed.
The allegations have not been established in court.
The CBI registered an FIR against seven accused, including six individuals and US-based The Timothy Initiative.
The case concerns alleged FCRA violations involving approximately Rs 92.55 crore, or USD 9,995,240.
The FIR alleges foreign funds were withdrawn through Indian ATMs using Truist Bank debit cards.
The CBI alleges that more than 1,000 foreign debit cards were distributed in India and some were issued under concealed names.
The FIR also alleges remote deletion of data after an enforcement search and links the accused to TTI’s operations in India.
- Who
- The CBI named six individuals and The Timothy Initiative, USA, along with unknown persons, as accused.
- What
- The CBI registered an FIR over alleged FCRA, Bharatiya Nyaya Sanhita and Information Technology Act violations involving foreign funds.
- Where
- The alleged activity involved ATMs across India, including Karnataka, Chhattisgarh and Assam; one interception occurred at Kempegowda International Airport in Bengaluru.
- When
- The FIR was registered on August 27, 2026; the alleged withdrawals occurred between November 2025 and April 2026, with other alleged withdrawals reported from January 2024 to March 2026.
- Why
- The FIR alleges that foreign funds were withdrawn and used in violation of FCRA provisions through foreign debit cards and concealed card identities.
Key facts
- Investigating agency
- Central Bureau of Investigation, Economic Offences-II, Delhi
- Accused
- Six individuals, The Timothy Initiative, USA, and unknown persons
- Alleged funds involved
- Approximately Rs 92.55 crore, stated in the FIR as USD 9,995,240
- Alleged method
- Withdrawals through Indian ATMs using foreign debit cards issued by Truist Bank, USA
- Cards allegedly seized
- Twenty-four foreign debit cards were allegedly found with Micah Mark on April 18, 2026
- Additional card allegation
- More than 1,000 such debit cards were allegedly distributed in India
- Reported legal provisions
- Sections 8, 11, 17 and 35 of the FCRA; Section 61 read with Section 238 of the BNS; and Sections 65, 66C and 66D of the Information Technology Act
Sources
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