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Thursday, May 23, 2013

Team boss lost 1 cr on IPL bets: Vindu


MUMBAI: Vindu Dara Singh, arrested on Wednesday for his alleged involvement in the IPL fixing scandal, has told the crime branch of the Mumbai police that an IPL team boss, who's been in the news lately, lost a 'khoka' (Rs 1 crore) in bets placed through him on IPL games this season. The veracity of Vindu's claim is yet to be established.

If this is indeed a fact, the team boss cannot claim that his connections with Vindu are purely friendly and have nothing to do with betting or fixing.


Cops are considering two scenarios:


One, that the team boss placed bets through Vindu on IPL matches in general and not on his own team. This would be illegal, but not outright criminal;


Two, that he passed on information about his own team to Vindu, who then placed bets on his behalf with bookies on the basis of that information (the same way corporate executives can play the stock market with insider information).


He could still lose money because the information may not necessarily guarantee the final outcome.


Both these scenarios involve betting and not fixing. Whether any fixing was also involved is not yet known.






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Shweta Pandey

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