Read more: IPL betting: ED busts major racket in Delhi
ED officials say that it has found that there were nearly one crore Indian accounts on a site called the betfair.com and they would want to dig deep into this.
The ED officials tell OneIndia that there have been several transactions into India from this website and most of the money has been moved in and out through hawala.
For the Enforcement Directorate it would be mandatory to seek the permission of a court from the UK before it conducts a probe into the Indian accounts present on betfair.com. Betting is permissible in the UK, but banned in India.
The ED suspects that there is at least Rs 8000 crore at stake here where the Indian accounts are concerned. The ED has arrested at least 14 bookies in India and all of them were found to be placing bets and transferring the money through this website.
Although betfair.com has stopped placing bets from India, the ED suspects that some may be placing bets through proxies. The transactions are huge and we would want to get to the bottom of it the ED official also informed.
Betting through proxies:
The ED says that big names will tumble out once they begin probing the racket that was being run by Indians through this website. Although bets were from India were not being placed, it was learnt that bookies had used other tactics to move the money and bet on the games.
The questioning of Tommy Patel and Kiran Mala, two bookies recently questioned revealed that they would send the money to Dubai through a hawala network. The money would then be placed on bets by their proxies. The extent of betting per match ranged between Rs 10 crore and Rs 20 crore.
Probing Lalit Modi:
Through the probe into the accounts of Indians on betfair.com the Enforcement Directorate also plans to look into the alleged dealings by former IPL chairman, Lalit Modi. His alleged betting deals are under the scanner of the ED.
The probe would be based on the confidential report of the Income Tax Department prepared in 2010. It was mentioned that Lalit Modi was allegedly fronting the website through a person called Gaurav Burman.
The IT department had also stated that there were emails to show his links with betfair.com.
The ED would place before the UK court all relevant documents. The time of moving of the court is not known as yet. However ED officials say that the probe will dig deep into the nexus.