The ED initiated the money laundering probe on the basis of a charge sheet filed by CBI, ACB, Kochi against Martin and others under sections of the IPC, 1860 and the Lotteries (Regulation) Act, 1998.
The Enforcement Directorate (ED) has temporarily attached immovable properties worth ₹19.59 crore under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) in the case against Santiago Martin, also known as the ‘Lottery King’ and others. attached to. Attached properties include various immovable properties in the form of vacant land located in Tamil Nadu.
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The ED initiated a money laundering probe against Martin and others under sections of the IPC, 1860 and the Lotteries (Regulation) Act, 1998 on the basis of a charge sheet filed by the Central Bureau of Investigation (CBI), Anti-Corruption Bureau (ACB), Kochi.
According to a statement issued by the ED, investigation under PMLA has revealed that the partners of M/s. MJ Associates, Santiago Martin and N. Jayamurugan made unlawful profit with corresponding loss to the Government of Sikkim to the extent of ₹910.29 crore on account of extension of claim of award winning stamps for the period April 2009 to August 2010, which is in addition to proceeds of offense under PMLA, 2002 Nothing.
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Martin, his companies and others through more than 40 companies have invested portions of the proceeds of crime resulting from the lottery business in immovable properties that were created in the names of his family members and other associates in order to keep him immaculate. projects as assets. His companies. Future Gaming & Hotel Services Pvt Ltd M/s. Martin Builders Private Limited, M/s. Dyson Land and Development Pvt Ltd has acquired immovable assets worth Rs 19.59 crore from loans and advances given by him and his family members. Earlier ED attached properties Worth ₹258 crore. With the present attachment, the total attachment in the case has reached to 277.59 crore. Further investigation is on.
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