Indian PM Narendra Modi’s political party was the biggest overall recipient in the “electoral bonds” system.
NEW DELHI – India’s “lottery king”, accused by the authorities of fraud and money laundering, has emerged with his company as India’s top political donor underSantiago Martin’s Future Gaming and Hotel Services spent 13.68 billion Indian rupees between 2019 and 2024 – 40 per cent more than the next-highest donor – under the now-scrapped funding system, which allowed anonymous and unlimited donations to political parties, data showed on March 14.
A flashy, smooth-talking figure who has made friends across the political spectrum, Martin has splurged on politicians, handing out expensive gifts as his business empire grew, according to local press accounts. “They have allegedly cheated the lottery-issuing state governments by not depositing the entire sale proceeds generated from the sale of lotteries”, and violated the lottery law by illegally retaining and claiming prizes on unsold tickets, and manipulating data, the agency said.
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