Sikkim lotteries - Latest News Update, Information, Photos & Videos on Sikkim lotteries at Lokmat Times

New Delhi [India], May 15 : The Directorate of Enforcement (ED) carried out search operations and freezed movable properties, worth Rs 158 crore, of lottery king Santiago Martin.The searches by the agency in Coimbatore and Chennai carried out on Thursday-Friday, were under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.Along with the movable properties, documents of immovable property worth Rs 299.16 Crore were seized."Thus, properties worth Rs 457 Crore (approx) were unearthed as a result of search operations carried out, and the same have been seized/freezed against the Proceeds of Crime," the ED said on Monday.The premises covered include the Registered Office of Future Gaming Solutions India Private Limited at Coimbatore, which is the master distributor of Sikkim Lotteries, the residential premises of Santiago Martin at Coimbatore and the residential premises as well as the business premises of his family members at Chennai.ED initiated a money laundering investigation on the basis of a final report by CBI for various offences punishable under various sections of IPC against Martin and others relating to the sale of lotteries of the Government of Sikkim in the state of Kerala."From the PMLA investigations conducted, it was found that S. Martin and his associate companies and entities had made unlawful gain with a corresponding loss to the Government of Sikkim to the extent of Rs 910 Crore on account of inflating the Prize-Winning Tickets claim for the period from April 1, 2009, to August 31, 2010."Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

T20 World Cup 2024

Sikkim LotteriesFOLLOW

Sikkim lotteries, Latest News

Business :ED freezes Rs 158 crore worth movable properties of lottery king Santiago Martin in Tamil Nadu

New Delhi [India], May 15 : The Directorate of Enforcement (ED) carried out search operations and freezed movable properties, ... ...