India, Sept. 26 -- An online gaming racket involving transactions exceeding Rs.194 crore has been exposed by the Raigad Cyber Police after a complaint was registered by an Alibag resident who had been defrauded. In addition, 44 bank accounts holding Rs.19.44 crore have been frozen.

One arrest has been made, in Rajasthan, while police are hunting for at least five other suspects. Police said the arrested accused, Bharmal Hanuman Meena (38) from Sawai Madhopur, ran a mobile phone shop and was at the centre of the gaming scam. Preliminary investigations have found that a bank account in his name held Rs.1 lakh but it had recorded transactions worth Rs.56 crore in just two months.

The racket came to light after a complaint was filed on Sept...