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Compared to other nations, people in India have immense love and affection for Cricket. No wonder, the Board of Control for Cricket in India(BCCI) is the richest cricket board in the world and other teams show interest to play against India given the sponsors and revenue are concerned. The craze for cricket went a few steps further with the emergence of the Indian Premier League.
Looking at the popularity of IPL and cricket, the betting rackets conduct bettings during the matches and earn crores of money. The victims who enter the bettings hoping to get good money often end up facing huge debts and taking their lives unable to repay the loans.
The betting rackets issue had hit the headlines after one racket was busted in the pearl city Hyderabad. The central agency Central Bureau of Investigation (CBI) received a piece of credible information on the racket and conducted multiple searches in the capital city.
Two cases were filed by the investigation officers after raiding multiple locations in the Telangana capacity city Hyderabad along with other cities like Delhi, Jodhpur, and Jaipur. The investigation reportedly revealed that the members of the racket work in a way that they make public to take part in the cricket betting.
Reports also say that the betting racket has been actively participating in the betting since 2010 and the racket has links with India's arch-rivals Pakistan. The majority of the members are reportedly operating from foreign nations. A few people were also arrested in connection with the racket that was busted recently.
Dileep Kumar(Delhi), Gurram Satish, Gurram Vasu(Hyderabad), Sajjan Singh, Prabhu Lal Meena, Ram Avtar, and Amit Kumar Sharma(Rajasthan) were named in the cases that were filed by the investigation agency Central Bureau of Investigation(CBI).
It is said that the racket has made financial transactions worth Rs 10 crore, while the majority of the transactions were money transactions. Money to a tune of a few lakhs was reportedly deposited in the bank accounts of a few accused. On the other hand, the hawala money from the foreign nations was also involved in the transaction of racket.