Betting Racket Worth Rs 100 Crore Busted by Income Tax Officials in Gurgaon
Gurgaon, October 30:A high-profile betting racket running from a bungalow on the outskirts of Delhi has been busted by Income Tax officials. The officials suspect that the racket operating from Gurgaon have generated over 100 crores in unaccounted income.
The revelation follows a probe into suspicious transactions by a casino some 1,800 km away from Goa.
Apart from an upscale locality of Gurgaon, the Income Tax officials on Monday morning conducted multiple raids in Goa, Delhi, Noida and Kolkata in connection to the same case.
According to a report, tax officials said they had seized cash in excess of 2 crores besides jewellery and an unspecified amount of foreign currency.
Almost an hour after the raid, the tax official said that the businessman running the racket had spoken about earning 90 crores, all unaccounted, from this enterprise.
A senior police inspector who was part of the investigation said that this is the most sophisticated betting racket that he has ever seen in his career.
During the raid, it was found that the betting operators had built a mini-telephone exchange, small enough to fit into two briefcases, which were connected with 27 mobile and smartphones and a laptop.
The operators had also invested heavily in their communication instrument for a high-bandwidth operation.
The racket was busted a day after India New Zealand One Day International Series ended and it was operation till last night.
After an investigation, tax officials handed the accused to Gurgaon police for further investigation.