wire transfer

(redirected from Telegraph Transfers)
Also found in: Financial.

wire transfer

Sending money electronically from one account to another. See EFT.
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In his statement, Aftab Mahmood had claimed to have laundered millions of US dollars during the period from 2008 to 2009 through at least 24 telegraph transfers (TTs) to Leader of Opposition in Punjab Assembly Hamza Shahbaz, his brother Suleman Shahbaz, his mother Nusrat Shahbaz and sister Rabia Imran.
He had said that the major damage caused to the national economy by corruption and telegraph transfers (TT) transactions.