ED moves to attach property of Santiago Martin

The Directorate of Enforcement has initiated steps to attach the property of lottery king Santiago Martin, alleging that his involvement in the illegal sale of lotteries was a scheduled offence under Prevention of Money Laundering Act.

Last week, Martin petitioned the Kerala high court, seeking to refute the attachment notice issued by the Directorate of Enforcement.

According to local press, Martin, represented by senior counsel M K Damodaran argued that in order to initiate proceedings for a money laundering offence, the property (allegedly worth over Rs 122 crore in this case) subject to the PML Act must be obtained as a result of ‘criminal activity relating to a scheduled offence’.

The directorate has reportedly attached the property of  Daison Land and Development Pvt Ltd, Charles Realtors, Martin Multi Projects and Daison Luxury Villas based on the Provisional Attachment orders.