Deputy Commissioner of Police Anand Bhoite, along with Assistant Inspectors Vivek Tambe and Kishore Tawde and Senior Inspector Pratod Tawde, led the investigation. They traced the money to Uttam’s account, leading to his arrest in Ahmedabad. During questioning, they learned about Pritesh, who was also arrested, followed by Sahil in Surat.

The three men, all graduates, worked under Sahil Kashadiya, an IT graduate who set up bank accounts for the fraudulent deposits, earning a 1 per cent commission for each transaction. Uttam managed the deposits, while Pritesh found rental bank accounts for Sahil. They earned Rs 1 lakh in total from their activities. “The trio were arrested in Ahmedabad and Surat a few days ago and brought to Mumbai. They appeared in court yesterday and were remanded to police custody,” said an officer from Bangur Nagar. The investigation is ongoing.