ED Cracks Down on 'Lottery King' Santiago Martin in Massive Cash Seizure

The Enforcement Directorate (ED) seized Rs 8.8 crore from Santiago Martin's corporate office in Chennai amid a money laundering probe. Martin, known as the 'lottery king,' is noted for being a significant donor through electoral bonds. Searches were conducted across several states, following recent court approvals.

In a significant crackdown, the Enforcement Directorate (ED) has seized a staggering Rs 8.8 crore from the corporate office of Santiago Martin, popularly known as the 'lottery king.' This operation is part of an extensive investigation into allegations of money laundering against Martin.

Notably, Martin emerged as a major donor to political parties, contributing over Rs 1,300 crore through now-invalid electoral bonds. The ED's decisive action follows the Madras High Court granting permission after the Tamil Nadu Police decided to close prior charges against him, which a lower court had ratified.

As part of this probe, the ED conducted searches at approximately 20 locations linked to Martin, including properties associated with his son-in-law, Aadhav Arjun, and other associates across several Indian states. This move marks a comprehensive push against Martin's business operations.

(With inputs from agencies.)