Another cricket betting racket busted, two held
The city police yesterday claimed to have unearthed another cricket and sensex betting racket in Hasanganj.lucknow Updated: Jun 28, 2013 12:17 IST
After the arrest of two persons, the city police on Thursday claimed to have unearthed another cricket and sensex betting racket in Hasanganj.
The police recovered around Rs 30,000 collected from punters (those who bet) and slips bearing betting code words from the duo. Besides, a register having details of money transactions with different persons was also recovered.
The two accused were identified as Himanshu Jaiswal and Goldie Verma, both the residents of Hasanganj. Their third accomplice Asif however managed to escape when the police raided their hideout near Gokaran Nath Mishra Park in Hasanganj.
The racket operated in two ways- betting on wins and loss of teams during cricket tournaments, while the betting was also carried out on rise and fall of sensex when no cricket matches were played.
The police said the betting is done entirely on credit and no money transaction is been done when the betting is on. The money transaction between punters and racketeers happens later to evade any police action.
Sources said the police was tipped off about the racket operational in Hasanganj after a betting racket was busted during Champions Trophy between India and England in Jankipuram on June 25.
Six persons were arrested in Jankipuram had revealed information about the Hasanganj racket during police interrogation. District police spokesman Alok Pathak said the police are carrying out further raids and more arrests are likely to be made in the matter.