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HomeNationED arrests two alleged Delhi-based hawala dealers, seizes Rs. 25 lakh cash

ED arrests two alleged Delhi-based hawala dealers, seizes Rs. 25 lakh cash

The Enforcement Directorate (ED) continued their massive crackdown on a betting and money laundering racket after arresting two alleged Delhi-based hawala dealers in connection with IPL-betting case and seized Rs. 25 lakh cash from them.

This latest development comes after five bookies were arrested under Prevention of Money Laundering Act (PMLA) on Sunday.

ED officials believe that many matches of this season of the IPL could also have been fixed.

ED sources have also indicated that bets ranging from Rs. 600 to 800 crore were being placed on every match in the ongoing season of the IPL.

Interestingly, invoking PMLA Act in all the arrests, the ED has ensured that the accused don’t get out on bail, as per the report.

On Sunday, the ED had conducted searches in and around Delhi in connection with its hawala probe against some betting syndicates allegedly related to IPL T-20 cricket matches.

The raids are expected to continue in the next few days.

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