Gwalior Police Bust Online Betting Network From Rented Duplex; 5 Held, Overseas Links Under Probe
Police seized 23 mobile phones, 37 SIM cards, 11 ATM cards and three laptops from a Windsor Hills duplex. Investigators estimate ₹7–8 crore moved through the alleged network each month and are probing contacts in Dubai and Sri Lanka, but the often-cited ₹100-crore figure represents estimated annual
a police raid on an alleged online betting and financial network operating from a residential duplex in Gwalior
Table of Contents (16 sections)
Gwalior Police have arrested five people after uncovering an alleged online betting, gambling and suspicious banking network operating from a rented duplex in the city’s Windsor Hills area.
The operation was conducted by Gwalior’s Cyber Crime Wing after police received information on September 12 about suspected online betting, online gambling and trading of bank accounts from a property in Windsor Hills, New City Centre. After verifying the information, police raided the premises and detained five men.
Police say preliminary examination of the devices and financial material recovered during the raid indicates transactions of approximately ₹7 crore to ₹8 crore every month through the alleged network.
That works out to close to ₹100 crore over a year, but an important distinction is necessary: police have described this as estimated financial transaction volume, not ₹100 crore in proven victim losses.
Investigators are also examining alleged contacts with individuals or networks in Dubai and Sri Lanka. Those overseas links form part of the ongoing investigation and should not yet be treated as a fully established international criminal structure.
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Key Takeaways
Gwalior Police arrested five people after raiding a rented duplex in Windsor Hills, New City Centre.
Police say the premises were being used for online betting, gambling and the buying and selling of bank accounts.
Investigators seized 23 mobile phones, 37 SIM cards, 11 ATM cards, three laptops, six bank passbooks and other electronic material.
Preliminary police estimates put transactions through the network at approximately ₹7–8 crore per month, or close to ₹100 crore annually.
The ₹100-crore figure is an estimated transaction volume, not a confirmed amount stolen from cyber-fraud victims.
Police say questioning and digital evidence indicate contacts with people in Dubai and Sri Lanka, but the exact overseas network and roles are still under investigation.
The operation allegedly used a website referred to by police as “100 Panel”.
Investigators are tracing bank accounts, beneficiaries, money flows and other people linked to the network.
Five Arrested From Windsor Hills Duplex
The property raided by police was a rented duplex in Windsor Hills, a residential development in Gwalior’s New City Centre area.
Police say the premises had effectively been converted into an operating centre equipped with laptops, numerous mobile phones, SIM cards, ATM cards and bank documents.
Naidunia identified the five arrested men as:
Sohit Karer, 22, from Morar, Gwalior
Dinesh Raikwar, 28, from Datia
Shantanu Shrivas, 20, from Morar, Gwalior
Sumit Kushwah, 26, from the Gola Ka Mandir area of Gwalior
Deepak Arya, 34, from Morar, Gwalior
The suspects are accused of participating in the operation, but their individual criminal liability remains subject to investigation and court proceedings.
23 Phones, 37 SIM Cards and Banking Material Seized
The volume of electronic and banking material seized is one reason police consider the case potentially significant.
According to the official police information reported by Hindusthan Samachar, officers recovered:
23 mobile phones
37 SIM cards
11 ATM cards
Three laptops
Six bank passbooks
Other electronic equipment
Police are now examining those devices for contact lists, chat records, financial data and details of bank accounts allegedly used by the network.
The investigation is also seeking information from banks about accounts found on the seized phones and documents.
Police Say ‘100 Panel’ Website Was Used
Preliminary investigation indicates that the accused allegedly used a website described as “100 Panel” to operate online betting.
Police say the premises were also being used for online gambling and the buying and selling of bank accounts.
The purchase or control of third-party bank accounts is an important investigative angle because such accounts can be used as “mule accounts” to receive and move money while distancing the people controlling a scheme from the original transaction.
However, police are still determining how each of the recovered or identified accounts was actually used.
The official account specifically says investigators are checking whether the accounts were connected to cyber fraud and other offences in addition to betting and gambling.
₹7–8 Crore a Month in Transactions, Police Estimate
Police say the network may have handled ₹7 crore to ₹8 crore in transactions every month.
On an annualised basis, that would place the transaction volume at roughly ₹84 crore to ₹96 crore, which has been rounded in several reports to an alleged ₹100-crore operation.
This does not mean police have identified ₹100 crore worth of confirmed cyber-fraud victims.
Transaction volume can include deposits, payouts, transfers between accounts, movement of funds and repeated circulation of money.
Until investigators separate legitimate, betting-related and allegedly fraudulent transactions, the ₹100-crore figure should be described as an estimated annual flow through the suspected network rather than a proven fraud amount.
Dubai and Sri Lanka Connections Under Investigation
Police say questioning of the arrested men indicated they had contacts through WhatsApp with people connected to Dubai and Sri Lanka.
Gwalior Police are now examining seized mobile phones, SIM cards and laptops to determine who those contacts were and what role they may have played.
Naidunia reported that after officers disconnected the internet router during the raid, calls allegedly began arriving through WhatsApp and Telegram from contacts linked to Sri Lanka. The publication also reported police suspicions that money was being converted into cryptocurrency using USDT before being moved abroad.
Those additional claims come from police-based local reporting and remain investigative findings rather than final judicially established facts.
The strongest verified position is that police have found indications of overseas connections and are analysing them.
Police Probe Whether Cryptocurrency Was Used
One line of inquiry concerns whether money was routed through mule accounts before being converted into cryptocurrency.
Naidunia reported that investigators suspect funds were converted into USDT and then transferred through digital wallets to contacts abroad.
Police have not yet published a complete forensic financial trail showing the amount converted, wallet addresses involved or ultimate beneficiaries.
The cryptocurrency element should therefore be described as an investigative allegation at this stage.
Financial analysis of the seized devices and bank records will be needed to establish the route followed by the money.
Another Suspected Operator Remains Under Investigation
Naidunia reported that police have identified a man named Suraj Arya as an alleged local organiser who arranged the rented duplex and supervised the five men detained during the raid.
The report said he had not been apprehended at the time of publication.
Because this allegation relies on the developing police investigation, he should be described as an alleged organiser or person being sought rather than as a convicted or proven mastermind.
Police are expected to use data recovered from the seized phones and laptops to identify other people involved.
Landlord’s Role Also Being Checked
Police are separately examining the circumstances under which the Windsor Hills property was rented.
Investigators are seeking to determine whether the landlord knew what activities were allegedly being conducted from the premises and whether tenant verification procedures were completed.
The fact that a property was rented to accused persons does not by itself establish wrongdoing by the owner.
Police will have to determine what the landlord knew and whether there is evidence of active involvement or facilitation.
Was This Really an ‘International Cyber Fraud Network’?
The phrase appears in police and media descriptions, but it needs context.
There are three separately supported elements:
First, police say the suspects were running online betting and gambling operations and dealing in bank accounts from Gwalior.
Second, investigators estimate monthly transactions of ₹7–8 crore.
Third, questioning has produced information about contacts connected to Dubai and Sri Lanka.
Those facts justify investigating an international dimension.
But police are still trying to identify the people abroad, determine what they controlled and establish whether all of the financial activity constituted cyber fraud.
It would therefore be premature to state as a settled fact that police have already proven every part of a ₹100-crore international fraud syndicate.
Online Betting and Cyber Fraud Are Not Automatically the Same Thing
Another important distinction concerns terminology.
Police say the operation involved online betting, online gambling, bank-account trading and suspected use of accounts connected to cyber fraud.
Those activities can overlap, but they are not automatically identical.
An illegal betting operation may process large amounts of money without every rupee representing money stolen through phishing or financial impersonation.
Likewise, a mule bank account can be used in multiple forms of cybercrime.
Police are examining the bank-account data specifically to determine whether fraud proceeds from other cases flowed through the network.
Until that work is complete, describing the entire ₹100-crore estimated turnover as “cyber fraud money” would overstate the evidence.
How the Operation Was Discovered
According to police, the Cyber Crime Wing received information about suspicious activity at the duplex on September 12.
Officers verified the information before carrying out the raid.
Hindusthan Samachar reported that the case forms part of a broader effort by Gwalior Police to act against cybercrime and the use of bank accounts for fraudulent transactions.
The five people found at the premises were detained and a criminal case was registered with Gwalior Crime Branch.
The digital investigation is continuing.
Investigators Trace Bank Accounts and Beneficiaries
Police are now attempting to reconstruct the network financially.
That includes identifying:
Who opened the bank accounts
Who controlled them
How money entered the accounts
Where it was transferred
Who ultimately benefited
Whether the same accounts appear in complaints registered through cybercrime systems
Whether overseas entities received funds
Whether cryptocurrency wallets were involved
The financial trail may ultimately be more important than the physical location from which the network was being operated.
If the same accounts appear in cyber-fraud complaints from multiple states or countries, the scope of the case could expand.
At present, police have not announced such a final linkage.
Police Warn Against Selling Bank Accounts or SIM Cards
Gwalior Police have also used the case to warn people against giving bank accounts, ATM cards or SIM cards to unknown individuals.
Accounts supplied to third parties can become part of a mule-account chain used to receive or transfer suspected proceeds of crime.
Police have warned that the original account holder can also face investigation when an account is knowingly supplied for illegal use.
The same caution applies to SIM cards issued or transferred for use by people other than the genuine subscriber.
Bottom Line
Gwalior Police have confirmed the arrest of five people from a rented duplex in Windsor Hills in an investigation involving alleged online betting, gambling and bank-account trading.
Police seized 23 phones, 37 SIM cards, 11 ATM cards, three laptops, six passbooks and other electronic equipment. Preliminary estimates suggest ₹7–8 crore was being transacted through the alleged network every month.
Investigators also say questioning has revealed suspected contacts with networks in Dubai and Sri Lanka. Those international links are now being examined through seized devices and financial records.
The frequently reported ₹100-crore figure should not be described as confirmed fraud losses. It is an annualised estimate of money moving through the network based on the current monthly transaction estimate.
Similarly, while police are investigating an international cyber-fraud dimension, the evidence presently establishes a suspected online betting and financial network with overseas contacts — not yet a fully proven ₹100-crore international fraud syndicate.
The case remains under investigation.
Key Takeaway
Five arrested from Windsor Hills duplex in Gwalior online betting case.
Police seized phones, SIMs, ATM cards and laptops.
Estimated ₹7–8 crore monthly transactions; overseas links under probe.
₹100-crore figure is estimated volume, not confirmed fraud losses.
The Rajatheertha Team publishes news, explainers, guides and updates across India and the world. Our coverage follows Rajatheertha's editorial, verification and corrections standards.
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