IPL spot-fixing: Bookies reportedly lose Rs.35,000 crore after police crackdown

Following the crackdown on spot fixing scandal, Delhi bookies are facing a huge loss of Rs.35,000 crore as they have stopped spot fixing and gone underground, sources said on Thursday.

Last updated on Thursday, 23 May, 2013 20:57 IST
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New Delhi: With a pan-India crackdown on betting rackets, Delhi bookies have reportedly suffered a whopping loss of Rs.35,000 crore as most of them have either wind up their business or have gone underground after the spot fixing in the Indian Premier League (IPL).

The business was reportedly worth Rs.50,000 crore at the start of the Indian Premier League (IPL), but within a week, with the arrest of three Rajasthan Royals cricketers, it has been reduced to Rs.15,000 crore, Delhi Police sources told IANS.

According to police officials, with the authorities cracking down on the betting racked in major cities, including Mumbai, Ahmedabad and Chennai, betting syndicates have stopped taking wagers. Even the hawala operators have gone missing.

Following the crackdown on spot fixing scandal, Delhi bookies are facing a huge loss of Rs.35,000 crore as they have stopped spot fixing and gone underground, sources said on Thursday.

"Spot fixing has been stopped but the money is used in match fixing in the IPL match," a Delhi Police official told IANS.

Around 1,500 bookies are still operating in Delhi and National Capital Region (NCR) areas, including Gurgaon.

Delhi's north and central areas like Model Town, Malkaganj, Rohini, Karol Bagh, Lahori Gate, Chandani Chowk, and east and west areas like Tilak Nagar, Rajauri Garden and Preet Vihar are famous for betting rackets.

Delhi Police have put some of the well known bookies under surveillance.

Delhi Police were the first to expose the spot fixing scandal by arresting S. Sreesanth, Ajit Chandila and Ankeet Chavan and 11 bookies in a post-midnight operation in Delhi, Mumbai and Ahemdabad May 16.

Story first published on: Thursday, 23 May 2013 20:54 IST

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