Central Crime Branch, Bangalore busted an IPL betting racket on November 5 and arrested two persons.
The accused have been identified as Dungar Chand Jain (49) and Kiran Jain (24) against whom a case has been registered at Halasuru Gate police station.
Police also seized Rupees 2 Lakh from the possession of the arrested persons who were caught placing bets in a match between Mumbai Indians and Delhi Capitals.