India’s authorities have arrested two top-bosses of an international betting syndicate, said to have handled INR 3,000 crore (US$432.4 million) in betting transactions to date, local media reports.
Ramesh Kumar Gangwal and Deepak Maheswari were arrested after the crime branch tracked their footprints across a number of online betting rackets.
It is understood the duo ran the illegal betting racket by using a VPN to access Betfair’s sports betting services, which is banned in India.
They used VPN route to access the website to circumvent the ban and used betting prices listed on the website as a base price for bookies,” said police commissioner Prashan Kumar Khamesra.
Bets were taken on cricket matches as well as tennis, and they are said to also be involved in illegal money laundering.