Hyderabad (Telangana) : A Hyderabadi man lost Rs. 100 crores in cricket bettings over a period of the last 12 years. The Vanasthalipuram resident in the LB Nagar area got used to cricket betting and lost all his earnings in real estate over several decades. Betting which started as fun soon became an addiction leading to the loss of his lifetime earnings. As he could not recover from his addiction despite the huge losses, he transformed into a bookie for cricket bettings and eventually landed in the police net.
Rachakonda Police Commissioner D S Chauhan said that even though the man lost over a hundred crore he took from his relatives and friends in cricket bettings, he started doing the same once again. It all surfaced when the real estate dealer narrated his story to the police about why he had been missing for twelve years and was arrested as an accused in the gang. After being arrested in a cricket betting case, Ashok Reddy himself told the police about this. On last Friday, two sub-bookies and a collection agent, who were conducting large-scale betting in the city, were detained by the LB Nagar SWOT police.
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