World Cup: ED busts Rs 500-cr betting racket in Gujarat
The Enforcement Directorate (ED) busted a betting racket in Vadodara that was cashing in on the cricket World Cup and dabbling in money in excess of Rs 500 crore, an official said on Thursday.india Updated: Mar 19, 2015 20:52 IST
The Enforcement Directorate (ED) busted a betting racket in Vadodara that was cashing in on the cricket World Cup and dabbling in money in excess of Rs 500 crore, an official said on Thursday.
The Gujarat branch of the ED team arrested two persons and seized more than 100 mobile phones and 15 laptops in a raid. The arrested persons, suspected to be kingpins of the racket, were identified as Tommy Patel and Kiran Patel.
“It’s a huge racket in which every World Cup match had close to Rs 20 crore turnover in betting. The racket is likely to be over Rs 500 crore and spread across several cities in the country and also abroad,” a senior ED official told mediapersons.
He added it was the first time the ED itself had busted a cricket betting racket.
“Our investigation is underway so details will come out. The betting operators used to run the entire network on mobile phones and laptops and shift base frequently from one city to another,” the official said.
Gujarat is a suspected to be a hub of cricket betting rackets, which are believed to have penetrated even the rural areas of Saurashtra and north Gujarat.
Thousands of people, not only cricket fans, reportedly bet through bookies (operators) and most of the transactions are done on mobile phones.