Moradabad Police has busted a big online betting racket operating in the Civil Lines police station area of Moradabad district in Uttar Pradesh and exposed the illegal money laundering racket being run in the name of IPL matches.
In this action, 9 people have been arrested from the spot, while cases have been registered under serious sections against 11 influential and famous people associated with the Ramganga Vihar Colony of the area.
Civil Lines police station was getting information for a long time that large scale betting was being done in the name of IPL cricket matches in the posh areas of the city.
In a raid conducted with a special team, the police exposed the betting network and recovered laptops, mobiles, accounting registers and cash from the spot.
High-profile accused of Ramganga Vihar absconding
Based on the information received from the 9 accused arrested during the raid, the police have identified 11 people living in Ramganga Vihar, who were involved in the financial and technical operations of this entire network.
These include some businessmen, jewelers and other white collar people. An FIR has been lodged against them, but as soon as they got wind of the action, they all fled.
Police suspect that this illegal betting money was being invested in property, jewellery and business. Also, this network may have links with other cities and states. Officials have also included the Economic Offences Wing and Cyber Cell in the investigation.
Inspector in charge of Civil Lines police station said, “This gang was earning crores of rupees illegally by taking advantage of the current season of IPL.
Many shocking revelations have been made during the interrogation of the arrested accused. Soon the absconding accused will also be arrested.”
Stir among local people
After the incident, there is a heated discussion in the Ramganga Vihar area. Common people are surprised that reputed and socially active people living around them have been found involved in such illegal activities.
At present, the police is investigating the financial transactions, digital trail and other possible hideouts of this gang. Along with this, the bank accounts and properties of the accused are also being investigated.
