Hyderabad : A racket related to online betting in the IPL cricket matches currently being played was busted and seven people were arrested in this connection. The police gave this information on Wednesday.

Acting on a tip-off, the police said that they raided the premises of the punters here and seized assets worth Rs 56 lakh from the accused. Police said the kingpin of the racket is reportedly absconding. It is worth noting that last year also, the police had arrested the IPL matches in Malkangiri, Odisha. Three betting rackets were busted.

In this connection The police had arrested four people.