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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