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Online cricket betting racket busted in Hyderabad; one held

Online cricket betting racket busted in Hyderabad; one held
outlookindia.com
1970-01-01T05:30:00+0530
Hyderabad, Aug 5 (PTI): An online cricket betting

racket was busted here and an organisera 25-year old

businessman held, police said on Thursday.

Police seized net cash of Rs 15.70 lakh from the

possession of the accused, apart from getting nine bank

accounts pertaining to him and his family members having

balance of Rs 69,63,603 frozen, they said.

Based on credible information, a police team raided a

house in Saroornagar here on Wednesday and nabbed the accused

while he was organising online betting for the Australia vs

Bangladesh second T-20 match and India vs England Test match,

Rachakonda Commissioner of Police Mahesh M Bhagwat said.

The accused had been organising online cricket betting

by staying in different places in Hyderabad and also became a

sub-organiser to run the cricket betting by getting IDs from

bookies who actually organise this illegal activity through

online mode, police said.

As per the version of the accused, the actual

organisers designed several online cricket betting sites and

he subscribed and signed into such sites by creating accounts

using his personal details and got user ID and password from

the bookies by paying an amount of Rs 10,000.

The user ID and password are valid for one month.

When any cricket league is scheduled, the accused

sends a link to the punters who in turn subscribe to the link

and place bets by sending the amount to the bank account of

the accused, police explained.

After collecting money from the punters, the accused

also individually placed bets, police said.

After completion of the match, he remits the amount

from his account to the winning punters based on the points

earned by the individuals after deducting his commission at

the rate of 30 per cent, they said.

A case was registered and further investigations were

on, police added.PTI VVK SS

PTI PTI


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

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