Bookie claims he paid Sri Lanka cricketer Rs 10 crore to fix IPL match

May 19, 2012

IPL-match-fixing

Mumbai, May 19: Bookie Sonu Yogendra Jalan alias Malad has told the crime branch that he paid Rs 10 crore to a Sri Lankan cricket player for fixing a match. He also mentioned that some Indian cricketers were also involved in match fixing, sources said.

He along with Devendra Kothari alias Bhaiyyaji, were arrested by the city crime branch on Thursday. They are believed to be a part of a bigger international cricket betting racket, crime branch officials said.

The property cell of Mumbai crime branch on Thursday raided a building at Lokhandwala in Kandivli and busted a major cricket betting racket. Police arrested Kothari, Jalan and two others and seized two laptops, voice recorders, computers, 25 mobile phones and cash of Rs 5.18 lakh. All the accused were booked under prevention of gambling act and were remanded to police custody.

Sources said that Kothari and Sonu Jalan's betting network, whose turn over is around Rs 500 crore a month, is controlled by a Pakistan-based gang belonging to Chhota Shakeel. Sonu Jalan was arrested last year from Andheri in another case of gambling by the Social Service branch. Kothari was also an accused in that case and was not traceable.

In the fresh case, Kothari and Jalan had clients and punters in Afghanistan, Pakistan, South Africa and Saudi Arabia. In India, the gang has their associates in Delhi, Kolkata, Rajasthan, Gujarat and Haryana.

"We had information that the gang was accepting bets on the IPL matches. Based on the information, we have arrested them. The gang is well-organised with having all the betting assessment software with them which helps them in managing their betting business" said Deven Bharti, additional commissioner of police.

The gang also asked their member or associates to open an account with the official UK betting site Betfair and passed on the passwords to Sonu and Kothari, who accessed it, found out the rates and accepted the bets accordingly. One cannot place on line bets on Betfair in India as betting on sport is illegal here.

Sonu, while in custody, had earlier told the police that he had paid around Rs 1 crore to an IPS officer for not arresting him. But he was arrested. He had threatened to lodge a complaint with the state anti-corruption bureau, but went on the backfoot after another senior IPS officer intervened.

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News Network
March 22,2024

IPL.jpg

The start of the world’s most lucrative cricket tournament in India is presenting investors with another big opportunity to cash in on the sport, months after the world’s most populous nation hosted the Cricket World Cup.

The eight-week long Indian Premier League begins March 22 for its 17th season. Since its inception, the fast-paced cricket tournament has become a corporate juggernaut to rival the National Football League in the US and the English Premier League in value.

Just as October’s Cricket World Cup boosted consumption in India for months, fans are expected to flock to restaurants, pubs and food delivery platforms over the duration of the tournament. This year’s IPL also coincides with general elections that will last for six weeks starting April 19, a period when companies are expecting higher food and drink sales as people flock to rallies and other events.

“There’s going to be a lot of spending,” said Madan Sabnavis, chief economist at Bank of Baroda. “IPL, as well as the election, gives a three-month corridor with enhanced economic activity.”

Stocks in India such as McDonald’s franchise operator Westlife Foodworld Ltd. and peer Sapphire Foods India Ltd. gained ahead of the first match on Friday, as well as hotels and beverage makers. Packaged-food companies could also stand to benefit from the IPL craze, said Sachil Bobade, an analyst at investment firm Dolat Capital Market.

The IPL ecosystem was valued at $11 billion (Rs 91,721 crores) in 2023, including the value of media rights and sponsorships, according to Indian valuation consulting firm D&P Advisory.

The league is also attracting record sums of money from sponsors and broadcasters. Conglomerate Tata Group won the title sponsorship rights of the tournament in January for a record 25 billion rupees ($300 million). Billionaire Mukesh Ambani’s media venture secured the digital streaming rights in 2022 for five years for $2.7 billion, while Walt Disney Co. paid roughly the same for TV rights.

“There was a serious amount of bidding even this year,” said Vinit Karnik, head of entertainment, esports and sports at media agency GroupM South Asia. “I see growth in IPL in double digits year-on-year,” he adds.

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