India

ED Raids Santiago Martin’s Properties In Major Crackdown On ‘Lottery King’

The Enforcement Directorate (ED) launched a sweeping operation today against Santiago Martin, popularly known as the “Lottery King,” conducting raids at several properties across Tamil Nadu and Sikkim. The action targets Martin’s extensive lottery business and follows previous enforcement measures against him and his associates.

High-Profile Case Linked to Rs 1,368 Crore in Electoral Bonds

Santiago Martin came under intense scrutiny after reports revealed his purchase of electoral bonds worth around Rs 1,368 crore, drawing attention from multiple agencies. Known for handling government lottery operations in various states from his base in Coimbatore, Martin is a significant player in the industry, where lotteries remain highly popular, especially in states like Kerala.

Previous ED Seizures Target Vast Real Estate Assets

The ED’s recent raid is not the first major action against Martin. In an earlier enforcement round, the agency seized extensive assets linked to him, including 61 flats and 82 plots, as well as six high-value plots in Coimbatore worth Rs 119.6 crore.

Also Read: ED Raids Multiple Locations Across India In Nationwide Lottery Scam Crackdown

Martin’s residence, located in the Vellakinar area near Thudiyalur in Coimbatore district, and several related sites such as Martin Homeopathy Medical College and Hospital and the corporate office of Martin Group of Companies are also under scrutiny.

Expansive Lottery Network Under Investigation

Operating across several states, Martin’s lottery network remains a prominent business venture in regions where lotteries are legal and widely embraced. Authorities are now examining the extent of Martin’s assets and any possible links to financial irregularities. As the ED deepens its investigation, public interest continues to grow around the Lottery King’s activities and his substantial network of assets.

This ongoing crackdown by the ED underscores the agency’s focus on high-value cases involving public figures and massive asset pools, as authorities work to uncover possible financial misconduct and safeguard the integrity of regulated industries in India.

Gopal Krishna

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