Bookie Sonu Yogendra Jalan has told the crime branch that he paid 100 million Indian rupees to a Sri Lankan cricket player for fixing a match.
He also mentioned that some Indian cricketers were also involved in match fixing.
He along with Devendra Kothari, were arrested by the city crime branch on Thursday.
They are believed to be a part of a bigger international cricket betting racket.
The property cell of Mumbai crime branch on Thursday raided a building at Lokhandwala in Kandivli and busted a major cricket betting racket.
Police arrested Kothari, Jalan and two others and seized two laptops, voice recorders, computers, 25 mobile phones and cash.
Sources said that Kothari and Sonu Jalan's betting network is controlled by a Pakistan-based gang.