The Enforcement Directorate (ED) has provisionally seized movable property worth Rs 409.92 crore in the case against Future Gaming & Hotel Services Pvt. ltd. and its various sub-distributors/regional distributors. The attached assets come in the form of bank account and mutual fund balances.
The ED has initiated a money laundering investigation against Future Gaming and its sub-distributors and regional distributors for West Bengal based on the FIRs registered by the Kolkata Police under various sections of the Indian Penal Code (IPC ) and various sections of the Lotteries Regulation Act 1998, by Kolkata. Police, the ED said in a statement here.
The Future of Gaming and Hospitality Services Pvt. is the only Paper Lottery distributor organized by the states of Sikkim and Nagaland that operates the popular “Dear Lottery”.
The ED probe revealed that Future Gaming & Hotel Services Pvt. ltd. and its various regional sub-distributors/distributors, acting together in a criminal conspiracy, illegally retained unsold lottery tickets and claimed top prizes on those unsold tickets during the pre-TPS period through 2017.
“Proceeds from the sale of lottery tickets have been illegally diverted to gifts and inducements by changing the prize structure of lotteries without any approval from the host state governments. In this way, Future Gaming and its sub-distributors claimed illegally about Rs 400 crore between 2014 and 2017. The entire proceeds of crime have been identified and attached by ED,” he added.