IPL betting racket busted; 12 people held

: As many as 12 people were arrested here today for allegedly betting on the ongoing Indian Premier League (IPL) cricket matches, police said.

The arrests followed raids conducted by them simultaneously at four hideouts of cricket bookies and collection agents when they were collecting betting amounts, city police said in release.

Twelve people were arrested and Rs 15.50 lakh cash, 22 cell phones and other 'incriminating' material were seized from them, it said.