Rachakonda police arrests four in Rs 8.34 crore interstate horse betting racket

Rachakonda police arrested four individuals for running an interstate horse betting racket via WhatsApp. ₹2 lakh was seized and Rs 2.47 lakh frozen in a bank account. The racket involved Rs 8.34 crore in transactions, with two accused still absconding.

Hyderabad: The Rachakonda police arrested four persons who were allegedly organizing interstate horse betting racket on Sunday. The police seized Rs. 2 lakh in cash, and freezed a bank account having an amount of Rs. 2.47 lakh.

The arrested are Thakala Nagesh (45), Barra Venkaiah Chowdhary (45), Challa Ramesh Babu (48), and D Sunil (55). Two others M Rajesh Kumar and Venkat Chowdhary are absconding.

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According to the police, Nagesh, who is a native of Andhra Pradesh State with the help of Venkat and Rajesh was organizing horse betting.

“Nagesh created a Whatsapp group ‘Shinewell Enterprises’ and added 105 persons who were participating in the betting,” said A Ramana Reddy, DCP (Malkajgiri).

During investigation, it was found that the gang had done transaction of Rs. 8. 34 crore.