From Poverty to Riches: The Story of Lankapalli Vasu, the Betting King
Vijayawada: Lankapalli Vasu, a resident of Vijayawada, has gained notoriety as the organizer of a lavish rave party in Bengaluru, shedding light on his journey from poverty to wealth through cricket betting and other ventures.
Born into a modest family in a village on the hill in Vijayawada’s Kothapet, Vasu’s early life was marked by financial struggles. His father’s untimely death left the family reliant on his mother, who supported them as an LIC agent. Vasu’s love for cricket since childhood eventually led him down the path of cricket betting, where he found remarkable success.
Mastering the intricacies of cricket betting, Vasu quickly rose in prominence and expanded his operations beyond Vijayawada. He established a wide-reaching network, conducting betting activities in cities across South India, including Bangalore, Chennai, Mumbai, Vizag, Hyderabad, Chittoor, Tirupati, and Kurnool. Reports suggest that his earnings from betting activities have surpassed 200 crores.
In addition to his betting enterprises, Vasu ventured into other businesses, including the establishment of pubs in Hyderabad and Bangalore. His investments extended to real estate, where he acquired multiple properties, including luxurious villas and houses in Vijayawada, Hyderabad, Bangalore, and Chennai. He is believed to own several luxury cars and maintain a lavish lifestyle.
Despite several brushes with the law, including police inquiries and arrests of his followers in Vijayawada, Vasu has managed to evade significant legal repercussions. Recently, he suffered a serious injury during a cricket match and has ongoing health issues, including kidney and cardiac problems. He relies on a crutch for mobility and has undergone medical procedures, including the placement of a stent due to heart complications.
Vasu’s family, including his wife and two daughters, reside in Vijayawada, while he travels frequently to Dubai, Malaysia, and Bangalore for business purposes. He is known to travel by air and resides in a rented building in Mumbai while overseeing his betting operations.
The meteoric rise of Lankapalli Vasu from humble beginnings to becoming a prominent figure in the world of cricket betting and beyond has intrigued many. His story reflects both the opportunities and pitfalls of the betting industry, as well as the allure of wealth and success.
