Pune Cyber Crime Police Arrest Two For Arranging Bank Accounts

A significant breakthrough was achieved by the Pimpri-Chinchwad Cyber Crime Police in their investigation into an alleged ₹8.6 crore share market investment fraud. The police arrested two men, Tejas Gyanoba Lokhande, 24, and Avinash Gyanoba Baklikar, 28, for allegedly helping a cybercrime network obtain bank accounts to carry out online fraud.

The arrests were made during an investigation into the alleged fraud targeting a senior citizen. According to police, Lokhande opened a bank account after being released on bail and handed it over for use in cybercrime. Baklikar allegedly helped arrange accounts through contacts he developed while in jail.

The case was registered at the Pimpri-Chinchwad Cyber Police Station, with the complainant, a senior citizen, allegedly promised high returns on share market investments. The victim was then allegedly induced to transfer money, resulting in a financial loss of ₹8.6 crore.

During the investigation, police traced the movement of the allegedly defrauded money through several bank accounts. Technical analysis showed that ₹5 lakh was transferred into an IndusInd Bank account on July 14, 2026, police said. The account was registered in Lokhande’s name.

Police obtained his technical details and traced him to Markalgaon. A team led by Assistant Police Inspector Vaibhav Patil detained him for questioning. During interrogation, police said Lokhande revealed details about how the account was allegedly arranged for cybercrime.

Lokhande had earlier been in judicial custody in connection with kidnapping and extortion cases registered at Hinjawadi Police Station. While in Yerawada Jail, he allegedly met Baklikar. Police said Lokhande, Baklikar and other wanted suspects discussed obtaining bank accounts for use in cybercrime while they were in jail.

After being released on bail, Lokhande allegedly opened the IndusInd Bank account and handed it over on Baklikar’s instructions. Police then began searching for Baklikar.

The case has been registered under various sections of the Bharatiya Nyaya Sanhita and Sections 66C and 66D of the Information Technology Act. The arrests mark a significant step in uncovering the cybercrime network and bringing the perpetrators to justice.

The incident highlights the need for increased vigilance and awareness about online fraud and the importance of verifying investment opportunities before transferring money. It also underscores the role of law enforcement agencies in combating cybercrime and protecting citizens from financial losses.

In the context of the rising cases of cybercrime in Pune, the arrests are a welcome development. The police have been working tirelessly to crack down on cybercrime networks and bring the perpetrators to justice. The case is a reminder of the importance of cooperation between law enforcement agencies and the public in preventing and combating cybercrime.

The significance of the arrests lies in the fact that they have helped to uncover a major cybercrime network and prevent further financial losses. The police are continuing their investigation and are working to apprehend other suspects involved in the case.

In conclusion, the arrests of Lokhande and Baklikar mark a significant step in the fight against cybercrime in Pune. The case highlights the need for increased awareness and vigilance about online fraud and the importance of cooperation between law enforcement agencies and the public in preventing and combating cybercrime.