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Sikkim Government Was Duped Of Billions By Lottery Business ED Seized Assets Worth Rs 173 Crore ANN

Lottery Fraud Case: On the allegation of defrauding the Sikkim...

Lottery Fraud Case: On the allegation of defrauding the Sikkim government of billions of rupees in the lottery business, the Enforcement Directorate (ED) has initially movable and immovable assets worth more than Rs 173 crore of S Martin and others. but confiscated. This property has been declared in Tamil Nadu in the name of Martin and in the name of other companies.

A top ED official said that under the Money Laundering Act, the ship was launched on the basis of an FIR and charge sheet filed by the Cochin branch of the Central Bureau of Investigation. In this case, the CBI had accused S Martin and others of defrauding the Sikkim government of more than 9 billion rupees. In this case, it was alleged that Martin along with his associates broke up the lottery run by the Sikkim government and cheated the government illegally. According to the allegation, with the money collected through this racket, many properties were bought at different places.

According to the ED official, this scam took place between April 1, 2009 and August 31, 2010. During this, lottery tickets were rigged and its prize was shown exaggerated. The Sikkim government suffered a loss of billions in this rigging. Later the investigation of this case was handed over to the Central Bureau of Investigation and the CBI after investigating the matter presented its charge sheet before the special CBI court.

Companies opened to hide the amount of fraud
The Enforcement Directorate (ED) came to know during the investigation that these people opened many companies to hide the amount of fraud. Assets were bought in the name of these companies at different places. Different money transfers were done in the companies so that where the money came from could not be known. After the seizure of this movable immovable property of the accused, the investigation is still going on.

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