The ₹500 Crore Investment Scam probe has intensified as financial records cited by complainants highlight alleged fund transfers linked to Sagar Subodh Karivadekar. According to representations, money was routed to accounts associated with Sachin Balkrishna Rane and Priti Sachin Rane, along with other relatives and associates. The Economic Offences Wing is examining transaction records and possible diversion of investor funds. Some individuals have claimed to be victims, though complainants dispute these assertions. Authorities have not confirmed final findings, and all allegations remain subject to investigation and judicial scrutiny.

₹500 Crore Investment Scam: fraudster Sagar Subodh Karivadekar Bank Trail Raises Fresh Questions Over Sachin Balkrishna Rane and Priti Sachin Rane Network

Bank transaction records reviewed by complainants in the alleged ₹500 crore investment scam indicate substantial transfers from accounts linked to alleged fraudster Subodh Karivadekar to relatives and associates of alleged fraudster Sachin Balkrishna Rane and alleged fraudster Priti Sachin Rane.

Mumbai investigators are examining records linked to alleged fraudster Sagar Subodh Karivadekar after documents suggested large transfers to accounts connected with alleged fraudster Sachin Balkrishna Rane and alleged fraudster Priti Sachin Rane.

Complainants allege investor funds were diverted instead of being deployed into legitimate market activity. Authorities have not publicly confirmed the final nature, scale, or liability findings.

Documents reviewed by victims reportedly cover transactions between April 2021 and August 2025. They are being cited in representations submitted before investigative agencies.

According to complainants, these records show money moving from accounts associated with alleged fraudster Sagar Subodh Karivadekar toward family members, relatives, and close associates.

Transfers Under Scanner in Sagar Subodh Karivadekar Case

Complainants claim alleged fraudster Sachin Balkrishna Rane received approximately ₹10.13 crore through transactions now being questioned as part of the broader investment scam probe.

They further allege that fraudster Priti Sachin Rane received around ₹4.73 crore through transfers reflected in records cited before investigators.

Records cited by complainants also mention Late Naresh More and Rekha Naresh More, parents of alleged fraudster Priti Sachin Rane, receiving approximately ₹8.76 crore.

Additional beneficiaries named by complainants include Tanvi Surve, who allegedly received ₹63.17 lakh through transactions linked to the disputed fund trail.

Suhas Rane was also named in the complaint material, with approximately ₹48.30 lakh allegedly transferred through accounts now under scrutiny.

Saroj Kurtadkar and family members, including Sandeep Kurtadkar and Swaroop Kurtadkar, were collectively cited as receiving around ₹4.56 crore, the complainants alleged.

Another associate named by complainants was Shreyas Kerkar, who allegedly received approximately ₹2.97 crore through transfers linked to fraudster Sagar Subodh Karivadekar’s accounts.

Questions Around Victim Claims By alleged fraudster Sachin Balkrishna Rane

In August 2025, alleged fraudster Sachin Balkrishna Rane reportedly approached Thane Town Police, claiming he too had suffered losses in the scheme.

According to documents cited by complainants, alleged fraudster Sachin Balkrishna Rane stated he invested ₹1.25 crore during October 2021 and received monthly returns thereafter.

He allegedly claimed returns of five per cent per month until April 2025, which complainants say totalled close to ₹3 crore.

Complainants now argue fraudster Sachin Balkrishna Rane did not disclose alleged inward transfers received by relatives and associates when presenting himself as a victim.

A January 19, 2026, communication to the Economic Offences Wing reportedly also stated fraudster Priti Sachin Rane invested ₹1.25 crore separately.

Also Read: Sagar Subodh Karivadekar Arrested in Attempt to Murder Case.

Ponzi Scheme Allegations Intensify

Multiple complainants now suspect the operation functioned like a classic Ponzi model, where older payouts were allegedly funded using newer investor deposits.

Narayan Malusare, one of the complainants, alleged that no genuine trading deployment occurred and urged police to investigate every beneficiary connected to transfers.

Investor Rajesh Uttekar and fraudster Priti Sachin Rane conducted stock market training sessions to attract investors and build confidence.

Rajesh Uttekar further alleged investors were promised monthly returns of four to five per cent and directed to deposit funds elsewhere.

Complainants also alleged an MoU was used to create credibility, with alleged fraudster Sachin Balkrishna Rane presented as a mentor.

Pressure Mounts On EOW Probe

With additional documents emerging, pressure is increasing on investigators to widen scrutiny beyond alleged fraudster Sagar Subodh Karivadekar and examine all linked beneficiaries.

Authorities have yet to issue a detailed public statement on the newest claims placed before investigators by complainants and affected investors.

As of the latest representations, alleged fraudster Sachin Balkrishna Rane was described by complainants as absconding. Official verification remains awaited.

The case is expected to remain under close watch as agencies assess records, statements, fund trails, and possible criminal liability.

Previous controversies linked to Sachin Balkrishna Rane and Priti Sachin Rane

Multiple complainants have alleged that Sachin Balkrishna Rane and Priti Sachin Rane projected themselves as experienced market-linked operators and attracted people through promises of strong monthly returns, mentoring support, and structured investment plans.

Several investors have alleged that after depositing money, promised payouts were delayed, reduced, or stopped entirely. Some complainants further claimed that explanations changed over time, ranging from market volatility to temporary liquidity issues. Representations submitted to authorities reportedly mention disputes over repayment commitments, documentation, and verbal assurances.

Another controversy often cited by complainants relates to training sessions and promotional meetings where investors were allegedly encouraged to place confidence in the business model. Critics allege these sessions created credibility and trust, leading more individuals to invest larger sums.

Complainants have also questioned the role of relatives, associates, and linked entities after financial transaction records reportedly showed money transfers among connected persons. These claims remain subject to official verification.

In separate allegations, complainants have accused Sachin Balkrishna Rane of remaining unavailable or absconding during crucial stages of inquiry, while alleged fraudster Priti Sachin Rane has also faced demands for detailed questioning.

Authorities continue examining complaints, documents, bank trails, and statements. No final judicial determination has yet been made, and all allegations remain subject to investigation and due legal process.

Readers Appeal

If you have information, documents, bank records, evidence, or complaints related to the alleged ₹500 crore investment scam involving alleged fraudster Sagar Subodh Karivadekar, alleged fraudster Sachin Balkrishna Rane, alleged fraudster Priti Sachin Rane, or any similar share market fraud, you may confidentially contact Sprouts News. Investigative journalist Unmesh Gujarathi has exposed multiple scams and fraud cases. Share verified inputs on 9322755098.

Editorial Note:

This article is based on publicly available FIR records, court case references, and reports published by multiple media organisations. The information is presented in the context of ongoing investigations and public interest reporting. Sprouts News does not make any judicial determination regarding the individuals mentioned and does not intend to defame any person or organisation. Any individual seeking clarification or wishing to provide an official response may contact the editorial team with verifiable documentation. The information is presented for journalistic and informational purposes.