The Economic Cell (Eco Cell) of the Surat Police has busted a major online betting scam worth Rs 7800 crore. Four accused have been arrested in the case and presented in the Surat court, which has ordered their judicial custody.
The scam was being run under the guise of an online textile office called Shiv Enterprises. Eco Cell had won a deal worth Rs 7800 crore in Rajmahal Mall in Dindoli about a year ago. Two days ago, Eco Cell arrested four people in connection with the crime.
The accused have been identified as Bakul Kirtipal Shah (40), Harsh Kamlesh Shah (25), Partha Shailesh Joshi (30), and Akash Praveenchandra Parekh (30).
Police investigation revealed that the accused were involved in online transactions worth Rs 7800 crore. They were also found to have used 76 dummy bank accounts for illegal transactions.
The kingpin of the scam, Kishan, is believed to be in Dubai. He is said to have hired the four accused at a salary of Rs 30 to 40 thousand.
Police have frozen Rs 1217 crore 80 lakh from three IDBI bank accounts of the accused. They have also seized bank account statements of the accused from the bank, which they are now scrutinizing.
The police are on the lookout for 15 more accused in the case, including Kishan. Most of the accused are believed to have fled to Dubai.
