As the main accused Deepak Thakkar, involved in the Madhavpura cricket betting scandal, is in a four-day remand, the police have seized ₹4.5 lakh in cash from Thakkar’s parents’ residence in Thaltej and have frozen his bank accounts and lockers.
The police also investigated Thakkar and his wife’s bank accounts and lockers in which transactions were done in his wife’s name.
Thakkar and his associates are accused of using people’s bank accounts to launder billions of rupees related to cricket betting and gambling.
Notably, Thakkar is the only one of the five to have been apprehended so far. The others are all absconding.
Investigators have uncovered a complex operation involving Thakkar, who allegedly obtained a velocity server from an associate Samir (also known as Sam Nepali) in Dubai.
Authorities seized a computer, laptop, and mobile phone from Thakkar, which revealed financial transactions worth crores of rupees linked to illegal betting. A bank account named “ND Traders” , opened by Naresh Dayaram Bhai Thakor, Thakkar’s associate, was found to be involved in share market dabba trading, prompting further investigation into its role in illegal activities.