UP cops bust Rs 100cr betting syndicate, 8 arrested
Kanpur Police apprehended eight individuals linked to an international betting syndicate, uncovering a scheme to launder cyber fraud money through gaming apps like Lotus365. Transactions exceeding Rs 100 crore were detected in three months, with Rs 50 lakh frozen. The accused, working for a Dubai-based operation, facilitated betting and paid winners, leading to significant financial ruin for many.