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Those arrested have been identified as Dungar Chand Jain (49) and Kiran Jain (24), CCB said in a release.
It said Rs 2 lakh and two mobile phones have been seized from the accused and a case has been registered at Halasuru Gate police station.
According to the release, CCB swung into action based on credible information that the duo were indulging in betting on the IPL match between Mumbai Indians and Delhi Capitals on November 5, and arrested them.