The arrest of Sagar Subodh Karivadekar by Sawantwadi Police has brought focus to two ongoing investigations. He is accused of an attempt to murder case linked to a 2025 incident, with police alleging involvement in a violent assault. Separately, his name has surfaced in an alleged ₹500 crore investment fraud currently under probe by the Economic Offences Wing in Thane. Investigators are examining financial transactions and possible links to other accused individuals. All allegations remain subject to investigation, and no court has established guilt at this stage.
Alleged fraudster Sagar Subodh Karivadekar Arrested: Attempt to Murder Case, ₹500 Crore Scam Probe and Absconding Accused Explained
Sawantwadi Police have detained alleged fraudster Sagar Subodh Karivadekar, a key suspect in an attempted murder case. His arrest also comes amid wider allegations linked to an alleged ₹500 crore investment fraud under investigation.
Alleged fraudster Sagar Subodh Karivadekar’s arrest has brought fresh attention to two parallel investigations involving violent crime allegations and an alleged large-scale financial fraud. Police confirmed he was detained in Karivde after months of evading arrest.
Authorities said the operation was carried out after receiving confidential intelligence regarding his expected arrival at his in-laws’ residence in Karivde on April 26, 2026.
According to investigators, alleged fraudster Sagar Subodh Karivadekar had been wanted in a case registered after a violent clash between two groups in Sarvodaya Nagar on October 26, 2025.
The complaint in that matter was filed by Shaunak Sapkal, a resident of Pune, who alleged that suspects attempted to run a vehicle over him and assaulted him.
Based on the complaint, police registered offences including attempt to murder and assault against alleged fraudster Sagar Subodh Karivadekar and five other accused persons.
Sawantwadi Police Operation Led by Senior Officers
Police said the arrest was conducted under the guidance of Amol Chavan with a team including Assistant Police Inspector Pankaj Shinde.
The field team also included constables Mahesh Jadhav and Mahesh Niravadekar, who reportedly laid a trap in the Karivde area.
Officials stated alleged fraudster Sagar Subodh Karivadekar was taken into custody between 7 pm and 8 pm after entering the locality. Further procedural action is underway.
Earlier in the same case, police had already arrested Taha Rajguru, Tala Rajguru, and Nitin Mestri.
Investigators said the case is now being further examined by Assistant Police Inspector Pankaj Shinde and Jayesh Khandarkar.
₹500 Crore Scam Allegations Under EOW Scrutiny
Separately, alleged fraudster Sagar Subodh Karivadekar is also named in allegations concerning an alleged ₹500 crore share market scam, according to representations made by investors.
Those representations are also named alleged fraudster Priti Sachin Rane and alleged fraudster Sachin Balkrishna Rane, who investors claim have not yet been arrested.
The matter is presently under investigation by the Economic Offences Wing in Thane, for which the respective officer, namely Ravindra Mandlik, has taken over charge of the investigation from the earlier officer, Mohini Patil, under the supervision and directions of DCP Parag Manere, according to statements submitted by complainants.
Investors alleged that the existing FIR 0055/2026 registered by the Town Police Station Thane and transferred to EOW Thane is incomplete and does not include several key facts, documentary material, and evidence relevant to the probe. Also, there are contradictions between the majority of complaints made by investors at EOW and FIR 0017/2026 at Amboli Police Station, Mumbai.
They have sought inclusion of additional accused names, deeper scrutiny of relatives, immediate arrests, and examination of financial transactions linked to the case.
Also Read: Panvel Illegal Gambling Claims Raise Police Questions.
Digital Evidence, Property Records and Wider Links
Complainants have also requested the collection of WhatsApp records, call detail records, emails, and other digital evidence as part of the investigation.
They further demanded issuance of Look Out Circulars against all the accused to prevent overseas travel during the inquiry process.
Sources said EOW has sent letters to gram sevaks in Redi village and Karivde village seeking information on assets linked to accused individuals.
Reports also mention that land in Nanij was partly in the name of Rekha Naresh More, mother of alleged fraudster Priti Sachin Rane.
She has reportedly received a summons from EOW, though authorities have not publicly disclosed findings regarding those transactions.
Another person named under EOW lenses is Sandeep Kurtadkar, brother-in-law of alleged fraudster Sachin Balkrishna Rane, with five companies allegedly linked to his name now under review.
What Happens Next
Alleged fraudster Sagar Subodh Karivadekar’s arrest may accelerate both the Sawantwadi criminal case and parallel financial inquiries. However, allegations remain subject to investigation and legal scrutiny until proven in court.
With alleged fraudster Sachin Balkrishna Rane reportedly absconding and alleged fraudster Priti Sachin Rane yet to be arrested, investigators now face growing pressure for decisive next steps, according to documents reviewed by Sprouts News.
Readers Appeal
Unmesh Gujarathi, an investigative journalist in Mumbai, has exposed various kinds of share market scams. He has also exposed many scams and frauds across sectors. He is a national-level award-winning journalist. You can send news tips, information, and relevant documents to 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.
