Tag: betting

  • Telangana: Cricket betting racket busted in Mahbubabad, 4 held

    Telangana: Cricket betting racket busted in Mahbubabad, 4 held

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    Hyderabad: A Task Force team from Mahbubabad district along with theSR Nagar police busted an online IPL cricket betting racket in Mahabubabad district on Monday and arrested four people. The joint team seized Rs 5.50 lakh from the possession of the accused.

    The accused were identified as V Ramakrishna, T Vikram, Ch Praveen and Anand Kiran. Two of them were from Andhra Pradesh.

    According to the Superintendent of Police (SP), Sharat Chandra Pawar,  the main accused V Ramakrishna from Eluru was the organiser (punter) of the betting racket.

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    “Ramakrishna used to  maintain records about an investment of bet money in a team, and the amount promised/won was being transferred online,” he said.

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    #Telangana #Cricket #betting #racket #busted #Mahbubabad #held

    ( With inputs from www.siasat.com )

  • Hyderabad: IPL betting rackets busted; property worth Rs 1.41 cr seized

    Hyderabad: IPL betting rackets busted; property worth Rs 1.41 cr seized

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    Hyderabad: The Cyberabad police on Wednesday busted massive cricket betting networks, arrested twelve persons in two separate cases and seized property worth more than Rs 1.41 crore.

    According to the police, the accused were cricket bookies of organized online cricket betting rackets for the ongoing Indian Premier League (IPL) 2023 matches.

    Rs 50 lakh in cash, 5 betting boards, 8 laptops, 62 mobile phones, 20 smartphones, 1 Tablet, 4 televisions, 1 Router and 4 four-wheelers were seized from their possession.

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    In the first case, the police arrested Muthina Vasanth Kumar, Kalidindi Venkata Ramaraju, Ponduri Venkat Sai and Kruthiventi Ramesh. Ayyappa alias Manikanta, the main bookie of Vasanth Kumar is absconding.

    In the second case, the police arrested Chittibomma Karthik, Badam Veeresh, Bandari Shiva Kumar, Middela Manoj Kumar, Chintala Venkata Padma Chandra Mohan Rao, Chandrapati Satish Kumar, Manne Sathyanarayana alias Satish and Patapati Ravi Varma. Kumar, Pandu, Sk Jilani, and Prabhakar, the main bookies, in this case, are absconding.

    Nine of the accused persons in the case are residents of Andhra Pradesh.

    The city police advised the public to be wary of the following Apps: Bet 365, MPL, Betway, Dream Guru, My 11 Circle, Bet 365, Coral, Bwin, 777 Bet, Dafabet, Winner, Cricket Betting 2020, Just Bet, Betfred, and Lotus Cricket Line.

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    #Hyderabad #IPL #betting #rackets #busted #property #worth #seized

    ( With inputs from www.siasat.com )

  • ED freezes 150 bank accounts in illegal betting case

    ED freezes 150 bank accounts in illegal betting case

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    New Delhi: The Enforcement Directorate (ED) said on Saturday that it recently carried out a search operation at a fintech company which resulted in the identification and freezing of 150 bank accounts in a case related to an illegal betting racket involving a person named Rakesh R. Rajdev and others.

    The ED said that these accounts were involved in the layering of funds received from individual persons, who placed bets through the website www.wolf777.com.

    “Subsequent to the searches, an amount of Rs 3.05 crore lying in 10 bank accounts was freezed under the provisions of the Prevention of Money Laundering Act (PMLA),” said an ED official.

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    The ED said that the bank statements of rest of the entities whose accounts were freezed during the course of search were called for from the banks and analysed by the probe agency.

    “In the account analysis, we found that funds amounting to Rs 46.10 crore are lying in these accounts, which were routed through various dummy entities. Thus, a total amount of Rs 49.15 crore has been seized by the ED in this case till date,” the official said.

    The ED initiated the investigation after recording an Enforcement Case Information Report (ECIR) based on an FIR lodged by the DCB police station in Ahmedabad.

    During investigation, proceeds of crime, i.e., the money generated through the betting app www.wolf777.com, were traced and it was found that bank accounts in the names of various fictitious entities were opened for routing and layering of money which was then sent abroad through bogus entities in the guise of import.

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    #freezes #bank #accounts #illegal #betting #case

    ( With inputs from www.siasat.com )

  • Technological Advancement in Apps: From Online Shopping to Betting, how is the Online Experience with Apps?

    Technological Advancement in Apps: From Online Shopping to Betting, how is the Online Experience with Apps?

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    The 21st century is one of rapid technological development. In an incredibly short time, we went from brick phones to smartphones. And that is just a tiny sample of the incredible advancement that marks the 2000s.

    One of the most notable developments involves the sphere of digital technology. The internet is now an omnipresent aspect of our lives. We can access the world wide web using any computer, smartphone, or other electronic device. Best of all, thanks to 5G and public Wi-Fi networks, we can do so from anywhere.

    People download, purchase, and use mobile apps to pass the time, do some shopping, or even make a few spins at online casinos. In this environment, it is unsurprising that the mobile app market is thriving. In this article, we would like to explore how the app market has changed and talk a little about people’s experiences with apps.

    The Changing Markets

    Some might find the number of markets touched by digital technology surprising. The internet has affected everything from advertisement to shopping to gambling and sports betting. People are far more likely to purchase their clothes, gadgets, or groceries online than go to the store. After all, shopping while commuting is much more convenient than taking the extra hour to visit a supermarket.

    Similarly, gamblers and bettors are likelier to play or bet online. Thanks to the emergence of the iGaming industry, casino games and sports odds are much more prominent than ever before. And, of course, sports betting apps are incredibly well-known and popular among fans of sports and gambling. These websites cover all of the most beloved sports, from football to cricket and much more.

    So, the question on our minds is this: how have apps influenced these industries and the world? Is their influence positive or negative? We attempt to answer these questions in this article and much more.

    The Pros and Cons of Apps

    Mobile apps have, without a doubt, significantly impacted society. If you own a smartphone, you use apps whether you want to or not. And since smartphones are pretty much omnipresent, there is no person in the world right now that isn’t affected by apps.

    Since apps are a standard part of our society, the question is whether they are overall positive or negative. To answer that question, we will look at the pros and cons of apps and attempt to draw a conclusion.

    The Pros

    One of the most apparent benefits of an app is convenience. Rather than searching the web, we only need to pull up an app that relates to what we need. In need of groceries? There is an app for that. Looking for music? Spotify and SoundCloud are there for you. Need to look up a film? The IMDb and Letterboxd apps have you covered. In the mood to spin a few reels? There are dozens of gambling apps out there. So, convenience is undoubtedly the biggest advantage that apps have to offer. However, it is not the only one.

    Apps Can Help with Art

    Making music in 2023 is easier than ever. Aspiring musicians can purchase sound equipment for relatively cheap. You may not even need instruments, depending on the type of music you want. But what is incredible is that you can use certain apps to create beautiful melodies that will resonate with a crowd.

    Music is one of many aspects of art that apps can help with. There are so many free and incredible apps detailing art history which can help aspiring artists get some context and inspiration. And all of this is available at your fingertips.

    Good for Business

    Entrepreneurs and business owners can certainly benefit from apps. In the same way, businesses use websites for easily accessible information about their products, they now utilize apps to do the same. Through apps, businesses can improve customer service and communication, making accessing their products more effortless. On top of that, communication apps make interactions among employees much easier, improving productivity. And speaking of communication…

    Apps Have Improved Communication

    Thanks to apps like Messenger, Viber, Skype, and Discord, people are in constant communication. Human beings are social animals, and our mental health and happiness depends on others. Thanks to communication apps, we can now talk to our friends and family, whether we are across the street, or across the ocean.

    More importantly, these apps let us communicate with people from all over the world, leading to understanding of different cultures, and thus a more tolerant and progressive society. So, the benefit of these apps extends beyond simple communication.

    The Cons

    There aren’t many negative aspects of using apps. However, there are some. The biggest disadvantage of having a phone filled with apps is that you rarely have a moment of peace. The constant notifications, pings, and reminders can undoubtedly get annoying. Some scientists have managed to link continuous exposure to messages to a decrease in concentration and focus. However, evidence for this is inconclusive.

    Of course, we could ignore these constant annoyances or simply turn off the notification option. However, doing so leads to anxiety caused by the fear that you will miss out on something. The anxiety has been dubbed “fear of missing out” or FOMO, a serious issue that many young people in the 21st-century deal with. The root cause of FOMO seems to be the digital dependency of the current generation. Luckily, there are ways to combat the fear of missing out, including daily physical and mental exercises.

    Conclusion

    The development of digital technology cannot be understated. In a comparatively short amount of time, we have come incredibly far. Our smartphones are basically miniature computers that we can carry in our pocket anywhere we go. And apps make our lives a lot easier. Even so, it is important to remember to look up from our smartphones once in a while, and experience the lives that these machines make a lot more convenient.

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    #Technological #Advancement #Apps #Online #Shopping #Betting #Online #Experience #Apps

    ( With inputs from : kashmirlife.net )

  • Lookout circular issued against man for duping people via Dubai-based betting app

    Lookout circular issued against man for duping people via Dubai-based betting app

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    Bhubaneswar: A Lookout Circular was issued against a person who was accused of duping around 800 people of crores of rupees through a betting app operated from Dubai.

    The Bureau of Immigration (BoI) issued the Lookout Circular, used by authorities to restrict the movement of a travelling person who is wanted, at the request of the Economic Offences Wing (EOW) of the Odisha police.

    The agency on Thursday said it will reward anyone giving credible information leading to the arrest of the accused, identified as Md Saif who has several addresses in India.

    The EOW has lodged an FIR based on the complaint of about 800 investors of Odisha’s Ganjam district who were allegedly duped by the accused.

    They were lured into putting their money into 18football.com, a betting/gaming website and a mobile app, with a promise of a three per cent daily compound return on investment. Besides, they were told that they will get different types of bonuses, the EOW said.

    They were asked to bet money on some football matches advised by the website/app. They were also provided with “mentors” to assist them in betting.

    The 18football.com scam involved people across the state and the fraud amount involved is suspected to be more than Rs 1000 crore, out of which EOW has been able to trace transactions of approximately Rs 300 crore till now.

    The operators of the app were engaged in social work and charity in rural areas to make people believe that it was a bonafide organisation.

    “The fraudsters initially paid the promised return to the investors. When the membership increased, they stopped making any payment and closed the app. They used multiple shell companies to route the ill-gotten money,” the EOW said in a statement.

    One such company was based in Kolkata and its two directors were arrested earlier.

    “They had confessed to have got small amounts of commission to run the shell company and received orders from Md Saif from Dubai,” the statement added.

    Anyone giving credible information on phone no 8249600495, leading to the arrest of the accused, will be suitably awarded, the agency said, adding that name and details of the informer will be kept secret.

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    #Lookout #circular #issued #man #duping #people #Dubaibased #betting #app

    ( With inputs from www.siasat.com )

  • Betting, casino firms find new advertising avenues despite ban in India

    Betting, casino firms find new advertising avenues despite ban in India

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    Delhi: Even as the Indian government has banned 138 betting apps, offshore betting and casino companies are finding new avenues to advertise their illegal wares to millions of unsuspecting Indians.

    These platforms continue to extensively use sports teams, personalities and industry sponsorships in India.

    The Ministry of Electronics and Information Technology (MEITY) banned 138 betting/gambling websites and apps under section 69(A) of the IT Act, as they “were engaging in illegal money laundering & were posing threat to the financial security of our nation,”

    In 2022, The Ministry of Information and Broadcasting had issued two advisories against advertisements of betting on digital media platforms and TV Channels. It had also warned against offshore betting platforms using news as a surrogate product and promoting betting in the garb of news.

    Football and Kabaddi are two sports that continue to see a lot of betting companies. Stake, an online casino, is the principal partner of the ISL teams Mumbai FC and Hyderabad FC. Parimatch is the main sponsor of the football team Goa FC. The betting site, Dafa is a sponsor of the Kabaddi team Telugu Titans, while Fairplay is a partner of Jaipur Pink Panther. Bollywood star Nargis Fakhri is the brand ambassador of Betway.

    The India Affiliate Summit, organised by IAMAI, has among its partners and sponsors, some of the biggest betting and casino companies including Parimatch and Rajabet.

    The India Affiliate Summit billed as the “largest performance marketing event in India” will be held in October 2023. Parimatch and Khelraja were among the esteemed speakers of the 2022 summit. IAMAI had recently stated that it is most suited to form the proposed self-regulatory organisation (SRO) for online gaming.

    In an interview given to Mint, the CEO of now-banned betting company Parimatch said that offshore betting companies do deposits of $ 1 billion every month or around INR one lakh crores per year.

    This makes the illegal betting and casino sector bigger than the legitimate online gaming industry. According to the State of India Gaming Report by Lumikai, the Indian gaming industry saw a revenue of just USD 2.6 billion in FY 2022.

    The Union Ministry of Electronics and Information Technology (MeitY) has recently released a draft of rules for online gaming companies and invited feedback from various stakeholders. IAMAI said that the rules “are right on intention, but poor on scoping.” Four of India’s biggest gaming companies had in a letter to MeITY said that IAMAI did not consult them before making the statement public.

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    #Betting #casino #firms #find #advertising #avenues #ban #India

    ( With inputs from www.siasat.com )

  • Hyderabad: 3 arrested for cricket betting; over Rs 12L seized

    Hyderabad: 3 arrested for cricket betting; over Rs 12L seized

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    Hyderabad: Three members of an online cricket betting gang were arrested by the Commissioner’s Task Force along with the Shahinayathgunj police on Friday.

    A total amount of Rs 12,05,000 and four cell phones were retrieved from the accused.

    Out of ten, a total of three people were arrested while seven others are absconding currently.

    The prime accused Vikas Agarwal, a bookie based out of Barkatpura was suffering from a financial crisis and hence took to betting through online applications.

    He then came in contact with Mahendra Patel and Rajendra Patel and all three of them organised betting via web applications ie. Radhe Exchange Goshamahal, Hyderabad by obtaining an online cricket betting line from Sagar, a resident of Mumbai.

    On February 1, they started online cricket betting by using cell phones for the 3rd India vs New Zealand T20 match at Ahmedabad with known punters by betting amounts and earning money illegally.

    The arrested accused and seized money and phones were handed over to the Station House Officer (SHO) of the Shahinayathgunj police station for further action.

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    #Hyderabad #arrested #cricket #betting #12L #seized

    ( With inputs from www.siasat.com )

  • Hyderabad: Cyberabad police arrested Int’l gang operating gaming, betting apps

    Hyderabad: Cyberabad police arrested Int’l gang operating gaming, betting apps

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    Hyderabad: The Cyberabad police on Monday arrested an international gang for allegedly collecting huge payment fees through online gaming and betting applications on fraudulent websites and social media.

    The arrested person are Mohin Pasha, resident of Bengaluru, Karan Arora of Rudrapur Uttarakhand, Sanjeev Kumar of Uttarakhand, Karan Malhotra of New Delhi, Gokul Singh Koranga of Uttarakhand, Sonu Lokesh of Delhi, Mohit Kumar of Delhi and Dinesh Singh of Noida.

    The property seized from the possession of the accused is Rs 24 crores frozen in various banks, mobile phones 193, laptops 21, Point of Sale Device, 21 cheque books 416, and debit cards 233.

    The arrested fraudsters were recruited to interact with the users and collect the details from victims for registration of new user ID’s. The gang collects the screen shot of the transactions made by users and after verifying with bank account they give online gaming and betting services which are banned in Telangana State.

    The fraudsters initially credit nominal returns as profit to users and after gaining their trust they collect huge amounts and cause losses to them by manipulating the game themselves and deciding winners internally.

    Poor and needy people are targeted by giving nominal commission, collect their KYC documents. They get an amount credited into those bank accounts from victims using these online gaming and betting applications. By making multiple transactions, the fraudsters make it seem they are having legitimate business and individuals are receiving regular money, thus legitimizing the money.

    “The gang has procured fraudulently opened bank accounts of various innocent persons and have taken pre-activated SIM cards through fraudulent means. Stringent legal action is being initiated against all persons and organisations who are abusing the system and adopting practices which aid such criminals in the commission of crime,”aid Stephen Raveendra, Cyberabad Commissioner of Police said.

    The police advised the general public not to share personal data for any marketing or advertising reasons without verifying the reasons for which it is being collected. It also advised people against opening your bank accounts or get SIM cards through agents or unknown persons.

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    #Hyderabad #Cyberabad #police #arrested #Intl #gang #operating #gaming #betting #apps

    ( With inputs from www.siasat.com )