New Delhi: sleuths of the Enforcement Directorate today busted a betting syndicate and raided bookies linked with Indian Premier League (IPL) matches across several cities, including Gurgaon, Delhi Jaipur and Bangalore.
According to available information the ED has registered a case under the Prevention of Money Laundering Act. It is learnt that the bookies were in constant touch with their links in Pakistan and the UK.
Enforcement Directorate had recently busted a betting racket operaing from Vadodra. It remains to be probed whether or not both these rackets have any connection at all.
The betting racket leaves a direct impact on global security as the money generated gets diverted into the illeegal money laundering business.