Mumbai: The Central Cyber Cell arrested a 42-year-old Bhiwandi resident who allowed his bank account to be used for parking ill-gotten fraud money by cyber fraudsters. These fraudsters impersonated officials from a well-known share trading company and duped a woman of Rs 20 lakh.Police probing the case said that the arrest of Nilesh Maruti Satpute, a resident of Bhiwandi, would help them reach his mentors, who are believed to have duped several people across India. He is alleged to have operated a bank account where a portion of the defrauded amount — Rs 2 lakh — was deposited.Satpute was arrested following complaints from a woman who was contacted by the fraudsters through WhatsApp between Oct 2024 and Jan 2025. The individuals used names like “Divyanshi” and “Ashok” and claimed to be representatives of a well-known stock trading firm. They lured the complainant by promising high returns through fake share trading.She was added to multiple WhatsApp groups and instructed to download counterfeit apps that simulated a trading environment. The victim was shown fake profits and persuaded to deposit a total of Rs 19.5 lakh into various bank accounts between December 2024 and January 2025. During the preliminary stage, the counterfeit app showed her profit to be Rs 40 lakh. When she tried to withdraw the amount, she failed. She immediately called Divyanshi and Ashok, who told her that she needed to pay a withdrawal tax of Rs 8 lakhs.It was at this point that she became suspicious. When she inquired with her friends and relatives, she learned that she had been scammed. She immediately lodged a complaint with the cyber helpline and registered her complaint.The police started a money trail, and with technical investigations, it was revealed that the accused’s bank account was used to park a few lakhs. Of this, Rs 2 lakh of the defrauded amount was deposited into an account held in the name of Kalbhairav Enterprises, operated by the arrested accused Nilesh Satpute. Following confirmation of this transaction and his admission during questioning, Satpute was arrested, said a police official.Cyber police have seized a mobile phone, SIM card, and a 2 GB memory card used by the accused. Investigators are now tracing other digital and financial footprints to identify the rest of the fraud network.Authorities suspect that Satpute is part of a larger cybercrime syndicate involved in duping people using fake investment schemes. Police are also investigating whether Satpute operated other bank accounts and used additional digital platforms to facilitate similar frauds. Mumbai: The Central Cyber Cell arrested a 42-year-old Bhiwandi resident who allowed his bank account to be used for parking ill-gotten fraud money by cyber fraudsters. These fraudsters impersonated officials from a well-known share trading company and duped a woman of Rs 20 lakh.Police probing the case said that the arrest of Nilesh Maruti Satpute, a resident of Bhiwandi, would help them reach his mentors, who are believed to have duped several people across India. He is alleged to have operated a bank account where a portion of the defrauded amount — Rs 2 lakh — was deposited.Satpute was arrested following complaints from a woman who was contacted by the fraudsters through WhatsApp between Oct 2024 and Jan 2025. The individuals used names like “Divyanshi” and “Ashok” and claimed to be representatives of a well-known stock trading firm. They lured the complainant by promising high returns through fake share trading.She was added to multiple WhatsApp groups and instructed to download counterfeit apps that simulated a trading environment. The victim was shown fake profits and persuaded to deposit a total of Rs 19.5 lakh into various bank accounts between December 2024 and January 2025. During the preliminary stage, the counterfeit app showed her profit to be Rs 40 lakh. When she tried to withdraw the amount, she failed. She immediately called Divyanshi and Ashok, who told her that she needed to pay a withdrawal tax of Rs 8 lakhs.It was at this point that she became suspicious. When she inquired with her friends and relatives, she learned that she had been scammed. She immediately lodged a complaint with the cyber helpline and registered her complaint.The police started a money trail, and with technical investigations, it was revealed that the accused’s bank account was used to park a few lakhs. Of this, Rs 2 lakh of the defrauded amount was deposited into an account held in the name of Kalbhairav Enterprises, operated by the arrested accused Nilesh Satpute. Following confirmation of this transaction and his admission during questioning, Satpute was arrested, said a police official.Cyber police have seized a mobile phone, SIM card, and a 2 GB memory card used by the accused. Investigators are now tracing other digital and financial footprints to identify the rest of the fraud network.Authorities suspect that Satpute is part of a larger cybercrime syndicate involved in duping people using fake investment schemes. Police are also investigating whether Satpute operated other bank accounts and used additional digital platforms to facilitate similar frauds.