Lookout circular issued against man for duping people via Dubai-based betting app

Bhubaneswar : A Lookout Circular was issued against a person who was accused of duping around 800 people of crores of rupees through a betting app operated from Dubai.
The Bureau of Immigration (BoI) issued the Lookout Circular, used by authorities to restrict the movement of a travelling person who is wanted, at the request of the Economic Offences Wing (EOW) of the Odisha police.
The agency on Thursday said it will reward anyone giving credible information leading to the arrest of the accused, identified as Md Saif who has several addresses in India.
Also Read Cebu Pacific Air announces tickets as low as Rs 40 for its 27th anniversary The EOW has lodged an FIR based on the complaint of about 800 investors of Odisha’s Ganjam district who were allegedly duped by the accused.
They were lured into putting their money into 18football.com, a betting/gaming website and a mobile app, with a promise of a three per cent daily compound return on investment. Besides, they were told that they will get different types of bonuses, the EOW said.
LOC issued against Md Saif, Dubai based operator in online ponzi cum betting racket ( https://t.co/6kr3XjberM ).The website is registered/operated from Hongkong & Dubai. Transactions of Rs 300 Crore unearthed so far , suspected to cross 1000 Crore. @odisha_police @CIDOdisha pic.twitter.com/Xof7B6p9JQ — Economic Offence Wing (@EOWODISHA) March 9, 2023 They were asked to bet money on some football matches advised by the website/app. They were also provided with “mentors” to assist them in betting.