Hyderabad: Nirmal district police raided an online betting syndicate in Bhainsa and arrested its key operator, Syed Azam. He had allegedly run the racket for over a year. Officers took him into custody in Owaisi Nagar.
District SP Janaki Sharmila said Azam operated under the cover of a service centre using the betting app Allpannel.com. He collected bank accounts and internet banking access from victims by promising monthly returns, then diverted the money into his control. Police said he laundered the proceeds through multiple accounts, filed fake IT returns, and created forged income certificates to keep the racket alive.
Police seize ₹16.3 lakh cash, gold and property documents in Bhainsa raid
The raid yielded ₹16.3 lakh in cash, 385 grams of gold ornaments, three gold biscuits, 21 property documents, mobile phones, eight ATM cards, and several PAN and Aadhaar cards linked to victims.
SP Sharmila vowed strict action against gambling and betting rackets. She urged the public to stay alert and report such activities immediately.
