Lottery company's assets worth 410 crore attached by ED - Times of India

Lottery company’s assets worth 410 crore attached by ED – Times of India

[ad_1]

NEW DELHI: The Enforcement Directorate has attached assets worth Rs 410 crore of Future Gaming and Hotels Pvt Ltd, all in bank balance and mutual funds, which it claimed as “lottery prizes” on unsold tickets. Future Gaming is the sole distributor for West Bengal of paper lottery organised by Sikkim and Nagaland. It runs the popular ‘Dear Lottery’.
ED said sale proceeds of lottery tickets have been illegally diverted towards gifts and incentives by modifying prize structure of lottery schemes without approval from organising state governments.



[ad_2]

Source link

Leave a Comment

Your email address will not be published.