"Devendra Kothari, wanted in the IPL betting case, was picked up from Jaipur and placed under arrest after being brought here last night," said a Crime Branch official.
Police also recorded the statements of his two associates in connection with the episode which came to light during the sixth edition of the cash-rich cricket league.
Kothari was in touch with Pakistani bookies via conference calls facilitated by one of the arrested accused Ramesh Vyas, he said.
Besides them, Chennai Super Kings owner Gurunath Meiyappan, who is son-in-law of Cricket Board President N Srinivasan, and Bollywood actor Vindoo Dara Singh, were also arrested in the case and they are currently out on bail.
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Kothari was produced before a local court which remanded him in police custody till July 31.
Crime Branch, probing the case, told the court they have seized three mobile phones from the accused and two more used by him are yet to be confiscated.
Crime Branch informed the court that two cases under the Gambling Prohibition Act had been registered against Kothari in Jaipur.