IPL betting fraud leads to loss of INR 1 crore in Madhya Pradesh

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The Indian Premier League(IPL) 2022 is underway and IPL betting has been heavily practiced during the season of the cash-rich tournament. But, sometimes, one can go extreme in order to earn the money. Vishal Ahirwar, who worked at the Bina sub-post office as a postmaster, robbed two dozen families of their fixed deposit for betting purposes in the IPL, resulting in a loss of INR 1 crore. Ahirwar is suspected of wagering with fixed deposits totaling INR 1 crore from 24 families.

Officials are investigating on the matter

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These households’ FDs were intended to be placed in a Sagar district sub-post office, but that never happened because Ahirwar never recorded them. It has come to light that Ahirwar used to give FD passbooks to post office account holders. When several depositors attempted to retrieve their hard-earned funds, the Post Office informed them that their FDs were not on file. These FDs ranged in value from a few thousand rupees to lakhs of rupees.

Ajay Dhurve, who is the in-charge of the Bina-GRP police station, told The New Indian Express that the accused has been booked under sections 420 (cheating) and 408 (criminal breach of trust) of the Indian Penal Code. Depending on the results of subsequent investigations, the case may be extended further.

Ahirwar had been issuing authentic passbooks for counterfeit fixed deposit accounts and investing the entire money in IPL betting for the previous two years. In the last two years, Ahirwar is accused of betting on IPL cricket using FDs worth roughly INR 2 crore.

In other news, Pimpri Chinchwad police detained five people on Monday for allegedly conducting a cricket betting ring out of a flat in Pimple Saudagar. The police also recovered 30 cellphones and three laptops, totaling more than INR 5 lakh.

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