Home |Hyderabad |Rachakonda Police Arrests Four In Rs 8 34 Crore Interstate Horse Betting Racket
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.
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.