Nagpur man loses Rs 56 crore in gambling, Police recover Rs 14 crore, 4 kg gold, Here’s how

Gambling indeed leads to your previous things a stake, whether it’s about money or your assets. A businessman from Nagpur has lost eyes-popping Rs 58 crore in online gambling and the investigation led police to a suspected bookie and recovered worth Rs 14 crore cash along with 4 kg of gold biscuits, said the top police official.

However, the accused, identified as Anant alias Sontu Navratan Jain, fled just before police raided his residence in Gondia City, 160 km away from Nagpur. Police suspect he has escaped to Dubai, the officer said.

How accused Jain execute this plan?

Taking notes of it, Nagpur Commissioner of Police Amitesh Kumar said, “Prima facie, Jain had convinced the complainant- a businessman- to explore online gambling as a lucrative avenue for earning profits. Initially hesitant, the businessman eventually succumbed to Jain’s persuasion and transferred Rs 8 lakh through a hawala merchant.”

The accused provided the businessman with a link on WhatsApp to open an online gambling account. The businessman found Rs 8 lakh deposited in the account and he began gambling, Kumar said.

“After initial success, the businessman’s fortunes took a drastic downturn as he lost a whopping Rs 58 crore while winning around Rs 5 crore,” the police commissioner added.

Kumar said the businessman grew suspicious as he lost and demanded his money back, but Jain refused.

Case registered against accused 

Further, the top official said, “The businessman complained to the cyber police, leading to the registration of a case of fraud under the Indian Penal Code. Police raided Jain’s residence in Gondia. The operation resulted in the seizure of a substantial amount of evidence, including Rs 14 crore cash and four kg gold biscuits.”

The large quantity of cash is being counted and the final figure of seizure is yet to be arrived at.