New Delhi: In a money laundering case against lottery company Future Gaming & Hotel Services Private Limited and its various sub-distributors, Enforcement Directorate has attached assets worth Rs. 409.92 crore, officials said. The attached assets are in the form of balances in bank accounts and Mutual Fund Holdings.
A money-laundering investigation against lottery company Future Gaming, its various sub-distributors, and area distributors, based on FIR registered by the Kolkata Police.
Future Gaming & Hotel Services Pvt. Ltd. is the only distributor of paper lottery organized by the states of Sikkim and Nagaland. It runs the popular ‘Dear Lottery’.
“Future Gaming & Hotel Services Pvt. Ltd., its various sub-distributors, and area-distributors criminally conspired together and illegally retained unsold lottery tickets,” Alleged ED and claimed that top prizes on such unsold tickets in the pre-GST period till 2017.
Enforcement Directorate in a statement said, “Further, sale proceeds of lottery tickets have been illegally diverted towards gifts and incentives by modifying the prize structure of lottery schemes without any approval from the state governments. In this manner, Future Gaming and its sub-distributor companies illegally claimed around Rs 400 crore between 2014 and 2017”.
The entire proceeds of the crime have been identified by the ED.
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