ED seizes $17 million in property from Santiago Martin

The Enforcement Directorate on Monday seized assets worth more than Rs.119 crore (US$17 million) belonging to lottery king Santiago Martin, local media reports.

According to the agency, the asset seizure is linked to an investigation into Martin’s involvement in a lottery scam.

Martin, his associate, and various companies faced a federal probe in 2016 by the Central Bureau of Investigation (CBI) for the illegal sale of lotteries, not returning unsold tickets to the state government and the rigging of lottery winners.

The investigation revealed that Martin and his associates made an illegal gain of over Rs. 910 crores.

The illegal money was then laundered through the purchase of immovable properties in the name of 40 companies.