Ludhiana, April 19 -- In a breakthrough against illegal betting and hawala operations, city police have arrested two residents who allegedly acted as key couriers for an Indian Premier League (IPL) betting syndicate, routing illicit funds through a network of fake bank accounts.

According to police, the accused, identified as Shubham Dikshit of Grewal Colony and Vikas Mehta of New Kartar Nagar, were arrested following a tip-off.

Investigators said the duo facilitated the operation by arranging mule accounts for their handlers, which were used to channel betting proceeds and hawala money.

Inspector Gurjeet Singh, SHO of Division Number 4 police station, said the accused targeted economically vulnerable individuals, persuading them to op...